Category: Vought, Russell T

Consumer Bureau Seeks to Undo Settlement and Repay Mortgage Lender

The Consumer Financial Protection Bureau wants to return a $105,000 penalty it collected last fall when it resolved a discrimination lawsuit.
CFPB Drops Lawsuit Against Banks Over Zelle Scams

A spokeswoman for the payment app’s parent company said the lawsuit against three large banks was “without merit, and legally and factually flawed.”
CFPB Drops Lawsuit Against Capital One Bank That Accused It of Tricking Customers

The move, on a suit that had accused the bank of tricking customers, was one of several dismissals ordered by Trump officials who are dismantling the agency.
Struggle Over Americans’ Personal Data Plays Out Across the Government

Employees from Elon Musk’s so-called Department of Government Efficiency are gaining access to vast amounts of information held by federal agencies, even as lawsuits try to stop them.
How Trump Is Gutting Regulatory Agencies Like the SEC, CFPB and EEOC

The furious pace of deregulation is gutting agencies intended to protect ordinary Americans, consumer advocates say. But business groups have long favored regulatory relief.
Elon Musk’s Attacks on CFPB Remove Obstacle to Building ‘X Money’

Former officials at the Consumer Financial Protection Bureau said Elon Musk’s payment-business aspirations were driving his efforts to hobble the agency.
CFPB Employees Left Stranded and Confused After Stop-Work Orders

Since the acting director of the Consumer Financial Protection Bureau issued stop-work orders, employees have been trying to decipher exactly what they mean.
36 Hours After Russell Vought Took Over Consumer Bureau, He Shut Its Operations

The agency had been one of Wall Street’s most feared regulators, with the power to issue rules on mortgages, credit cards, student loans and other areas affecting Americans’ financial lives.
Russell Vought Orders Consumer Protection Bureau’s Headquarters Closed for a Week

The order to shutter the agency’s headquarters follows another order issued Saturday by Mr. Vought, who also leads the Office of Management and Budget, telling agency employees to halt nearly all their work.
Federal Financial Watchdog Ordered to Cease Activity

In an email to staff of the Consumer Financial Protection Bureau, the agency’s acting director ordered workers to cease “all supervision and examination activity.”
Senate Confirms Russell Vought as Office of Management and Budget Director

Mr. Vought, an architect of Project 2025 who served in the first Trump administration, will be at the center of President Trump’s plans to upend the federal bureaucracy.
Russell Vought Poised to Expand Power of White House Budget Office

If confirmed, Mr. Vought will be at the center of President-elect Donald Trump’s plans to upend the federal bureaucracy.