Consumer Financial Protection Bureau

Sensitive Bank Data Set for Deletion in CFPB Purge, Ex-Aide Says

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(Bloomberg) — The former chief technologist of the Consumer Financial Protection Bureau alleged in a legal filing that the Trump administration is on the verge of deleting a database with sensitive financial information, as concerns mount over billionaire Elon Musk’s efforts to dismantle federal agencies. In the declaration filed in the US District Court for … Read more

Trump official orders consumer protection agency to stop work

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Washington —  The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought, the newly installed director of the Office of Management and Budget, directed the CFPB, in … Read more