Fact Sheet: Timeline of the 100-Day Trump, Musk, and Congressional Attack on the CFPB

Trump fires CFPB Director Rohit Chopra, Treasury Secretary Scott Bessent named acting CFPB director

House introduces resolution to rescind overdraft rule

Project 2025 ringleader Russel Vought installed as acting Director of CFPB

The CFPB home page – later restored – displays “404 page not found error

Vought orders the CFPB to halt all supervision and examination activity and cancels its quarterly funding request.

In an email to CFPB staff, Vought tells workers to “stand down from performing any work task,” and that “employees should not come into the office” for one week. Among other things, the stop work order prevents CFPB staff from helping 75 families at risk of imminent foreclosure among 16,000 stranded consumer complaints, including 250 congressional referrals.

The CFPB employees union bring a case challenging the Trump administration’s effort to dismantle the CFPB

Trump initiates mass layoffs at CFPB,

Trump initiates mass layoffs at CFPB, firing all probationary employees; CFPB staff testify that the agency complaint hotline was disabled and the complaint online portal and database was hobbled by Vought’s freeze

Trump administration agrees not to unilaterally defund the CFPB during a lawsuit brought by City of Baltimore and Economic Action Maryland Fund.

Federal judge blocks efforts to purge additional CFPB staff and the preliminary injunction prevents the deletion of data, transfer funds or cut the budget, or the firing of staff.

Even after the injunction, CFPB staff later testified that the stop work orders had not been rescinded, and statutorily required work, including bank supervision and compliance exams, was stopped.

Trump issues executive order empowering DOGE deregulatory agenda

The CFPB withdraws a lawsuit against predatory fintech lender Solo Funds for deceptively collecting $21 million in “tips” from customers.

This is the first CFPB case that is dropped with prejudice, meaning the case cannot be brought again in the future and almost all the subsequent enforcement roll-backs were with prejudice.

Justice Department lawyers reported in court filings that the administration had canceled the lease on the CFPB headquarters

The CFPB drops a case against Capital One for cheating depositors out of $2 billion in interest on their accounts.

The CFPB drops a case against Capital One for cheating depositors out of $2 billion in interest on their accounts. Capital One had marketed its 360 Savings account as having some of the best interest rates in the country – a 0.30 percent rate – but did not tell customers that they were eligible for a similar sounding product – the 360 Performance Savings account – that had rates of up to 4.35 percent.

The CFPB drops a case against Pennsylvania Higher Education Assistance Agency

The CFPB drops a case against Pennsylvania Higher Education Assistance Agency for allegedly illegally sicced debt collectors on student borrowers who had legally discharged these debts in bankruptcy, hassling them for debts they no longer had any legal obligation to repay.

CFPB drops a case against Vanderbilt Mortgage & Finance, the biggest lender for mobile home buyers.

CFPB drops a case against Vanderbilt Mortgage & Finance, the biggest lender for mobile home buyers. The CFPB had alleged that the Warren Buffet owned Vanderbilt “knowingly traps people in risky loans just to close the deal on selling a manufactured home” and that Vanderbilt unlawfully originated these loans to people who could not keep up with the payments, were charged late fees, and faced foreclosure.

Federal judge extends the preliminary injunction through March 13 prohibiting the agency from slashing its funding or firing staff. Affidavits filed in the case reveal the Trump administration intended to fire nearly 1,200 of the agency’s 1,700 staff.

Senate voted to overturn the CFPB payment app oversight rule that would have provided oversight of Big Tech payment apps and digital wallets to protect users from fraud, privacy erosion, and deactivation of their accounts. Over 110 community, civil rights, privacy, consumer, labor, technology, small business, and other organizations urged the Senate to vote against the measure.

Despite the federal court injunction, Trump administration officials continued to hold meetings to plan to layoff 1,200 of 1,700 workers.

Senator Rounds introduced a resolution to overturn the CFPB medical debt rule that prevents medical debt from capsizing people’s credit scores. More than 100 million people have medical debt and it shows up on the credit reports of 15 million people.

Trump CFPB attorneys joined banking industry lawyers to pause the industry lawsuit to block the CFPB rule to cap credit card late fees at $8 which would save customers $10 billion annually.

CFPB requested that a federal court reverse a racial discrimination settlement that the agency had previously reached with Townstone Financial, a Chicago-based mortgage lender, stemming from allegations that it had refused to serve Black neighborhoods in Chicago, areas the CEO referred to using egregiously racist language.

Senate voted to overturn CFPB overdraft rule.

The CFPB announced it would not enforce a rule that prohibited payday lenders from repeatedly debiting people’s accounts and running up multiple overdraft or insufficient funds fees. The bounced payment rule was the last shred of the payday lending rule that was maintained by the first Trump administration and had survived multiple court challenges.

CFPB resumes limited enforcement activity

Nearly two months after a court ordered the CFPB to rescind the stop work order, the CFPB resumes some enforcement activity, but only over the Military Lending Act and joint cases with state attorneys general

CFPB prevents examiners from resuming their supervision of banks and non-banks

The CFPB prevents examiners from resuming their supervision of banks and non-banks even though the March 28 injunction invalidated the stop work order.

CFPB announces it will de-prioritize enforcement of the repeat offender registry for non-banks

The CFPB announces it will de-prioritize enforcement of the repeat offender registry for non-banks, a critical investigatory and compliance tool for companies with multiple enforcement actions by federal and state regulators.

CFPB drops a case against Comerica

The CFPB drops a case against Comerica which was brought over the shoddy service and ATM fee gouging on Comerica’s prepaid card used by 3.4 million Social Security recipients. (This dropped case was the only one it dismissed “without prejudice,” meaning it could be refiled in the future, all of the other cases were dropped “with prejudice,” meaning they could not be refiled.)

CFPB memo to staff announces it will shift enforcement to state regulators and halt supervision of non-bank financial firms

CFPB memo to staff announces it will shift enforcement to state regulators and halt supervision of non-bank financial firms meaning that non-bank mortgage lenders, student lenders, payday lenders, credit card companies, and Big Tech payment apps would get no supervision.

Judge again blocks illegal CFPB staff purge but let terminations continue if a careful assessment found the workers were not needed to carry out statutory requirements.

CFPB drops its case against PayPal

CFPB drops its case against PayPal for skirting prepaid card rules that apply to gift cards and re-chargeable payment apps. PayPal had sued to overturn the rule because it wants to be exempt from these basic fee and terms transparency requirements that protect users.

The Department of Justice shutters its Consumer Protection Branch that prosecuted fraud cases involving older people and military service personnel

Court invalidates CFPB mass firings

Court invalidates CFPB mass firings that clarified that “the March 28 ban on any reduction-in-force has been reinstated as originally issued. Under these circumstances, the RIF enjoined by this Court on April 18 cannot go forward at all.”

CFPB lifts a consent order against Wells Fargo

The CFPB lifts a consent order against Wells Fargo, which had racked up 12 federal consent orders and a Federal Reserve imposed asset cap for widespread regulatory and consumer protection compliance problems, including the fake account scandal. The CFPB action paves the way for Wells Fargo to get the asset cap lifted and allows it to become an even bigger bank.