Trump Shuts CFPB Weakening Consumer Financial Protections

Regulation | Feb 10, 2025 A Major Blow to U.S. Consumer Protections On February 9, 2025, the Trump administration ordered the CFPB to shut down and cease operations, such as rulemaking, enforcement actions, and ongoing investigations. The directive was issued by Russell Vought, the new director of the Office of Management and Budget, suspending regulatory

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