You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Consumer Financial Protection Bureau on Brink of Being Shuttered After Saving Consumers $21 Billion

HeadlineFeb 10, 2025

The Trump administration has effectively shut down the Consumer Financial Protection Bureau. The bureau’s acting director, Russell Vought, who was the architect of Project 2025, has closed the bureau’s office for the next week and has ordered staff to halt nearly all work. Vought’s move came after Elon Musk wrote a message Friday on X that said ”CFPB RIP” along with an emoji of a tombstone. Since its formation in 2011, the bureau has helped return about $21 billion to consumers, but the agency has been long been criticized by Republicans and big business interests.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top