They rip people off to the tune of tens of billions of dollars a year, punish people for not being rich with higher fees and higher rates, and worsen the racial wealth gap. The Consumer Financial Protection Bureau was created to stop this kind of abusive corporate behavior, and to hold financial companies accountable when they break the law.
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Statement: Trump’s Latest Front to Take Down the CFPB
FOR IMMEDIATE RELEASE: November 19, 2025 CONTACT: Jarice Thompson, jarice@ourfinancialsecurity.org Trump’s Latest Front to Take Down the CFPB Statement of Patrick Woodall, Managing Director of Policy at Americans for Financial Reform: As Russel Vought approaches the 210 day deadline to serve as the acting temporary director of the Consumer Protection Financial Bureau (CFPB), President Trump is
AFR in the News
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CFO Brew: CFPB in danger of closing after Trump administration says its funding source is illegal
Rodríguez Valladares said the CFPB’s dismantling was “long in coming,” since members of the GOP have tried to scrap the agency since its inception. She said nonprofit consumer advocates like Americans for Financial Reform will continue to spotlight issues that the CFPB focused on, but lack the weight (and financial penalties) of a government regulator.
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Consumer Reports: CFPB’s medical debt rule faces an uncertain future. States must work quickly to fill in the gaps
Christine Chen Zinner is the former consumer policy counsel for the Americans for Financial Reform Education Fund.
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The Well News: White House Budget Chief Announces Plan to Close Watchdog Financial Agency
“By shutting down the CFPB, Vought is just inviting big banks, predatory lenders, and Big Tech to nickel and dime working families, who are already struggling to make ends meet under Trumpflation.”
Statement: Trump’s Latest Front to Take Down the CFPB
