The Trump administration confirmed plans to keep the Consumer Financial Protection Bureau (CFPB) operational, though in a downsized and restructured form, according to a court filing on Monday. Acting CFPB Director Russ Vought stated that the agency would continue but under a more “efficient” model.
The CFPB has been a long-standing Republican target, and in early February, Elon Musk’s Department of Government Efficiency (DOGE) embedded advisers within the agency. The CFPB headquarters were shuttered, and probationary employees were dismissed, raising concerns about a potential shutdown.
The CFPB union sued the administration, accusing it of dismantling the agency. A judge has temporarily paused further firings until a Monday hearing. Vought defended the administration’s actions, arguing that protests by CFPB staff had disrupted operations, prompting the office closure.
The filing asserts that the administration has the right to reshape the agency in line with its policy goals, citing the need for a more efficient bureaucracy.
Sources:
Discover more from News Facts Network
Subscribe to get the latest posts sent to your email.
