By Julia Shapero | The Hill
The Trump administration is moving rapidly to gut the Consumer Financial Protection Bureau (CFPB), halting the agency’s work, cutting off its funding and shutting down its headquarters.
The push is not unlike the effort launched in the early years of President Trump’s first term to defang the agency, which has faced staunch opposition from Republicans throughout its brief existence.
However, as Elon Musk’s Department of Government Efficiency (DOGE) sweeps into one agency after another with the directive to slash wide swaths of government funding, the new assault on the CFPB has sparked concerns from consumer advocacy groups and Democratic lawmakers about just how far the administration will go this time.