The Trump administration intends to maintain some version of the Consumer Financial Protection Bureau, but in a capacity more aligned with new efficiency mandates, according to a court filing by the acting director and first reported by Politico.
CFPB Acting Director Russ Vought on Monday filed a motion clarifying that “the predicate to running a more streamlined and efficient bureau is that there will continue to be a CFPB.” The Trump administration and Elon Musk’s DOGE initiative have sought to pause, reset and in some causes eliminate those federal agencies found to be rife with “waste, fraud and abuse.”
Vought’s motion was in response to the CFPB’s union, which sued the administration after Vought closed the agency’s Washington headquarters earlier in February. Vought told employees not to come into the office and to “not perform any work tasks.”
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