Published 12 days ago • loading... • Updated 11 days ago

Top consumer bureau officials depart after Trump admin halts work

Two officials from the U.S. Consumer Financial Protection Bureau announced their resignations amid orders from the Trump administration to suspend funding and operations.
Russell Vought, acting head of the CFPB, stated that the agency's current funding is excessive and halted its quarterly allocation.
Lorelei Salas and Eric Halperin cited the inability to effectively serve in their roles due to the suspension of supervisory activities as reasons for their resignations.
Elizabeth Warren opposed the Trump administration's actions, framing them as a conflict between hardworking people and billionaires seeking profit.

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Texas Standard

The CFPB – which put $20 billion back in the hands of everyday folks – is ordered to stop work

Experts warn that without the Consumer Financial Protection Bureau, another financial crisis – like in 2008 – could happen.

11 days ago

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The Thinking Conservative

What to Know About Trump’s Halt to the CFPB - The Thinking Conservative

The Consumer Financial Protection Bureau (CFPB) was ordered to stop all activities last week under newly minted Secretary of the Treasury Scott Bessent. The post What to Know About Trump’s Halt to the CFPB appeared first on The Thinking Conservative.

11 days ago

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Washington Examiner

Trump picks Jonathan McKernan to lead CFPB amid shake-up

President Donald Trump is nominating Jonathan McKernan to be the next director of the Consumer Financial Protection Bureau after firing Rohit Chopra. A source familiar with the matter confirmed with the Washington Examiner Trump’s decision to nominate McKernan, who previously served as a Republican director on the Federal Deposit Insurance Corporation and stepped down on Monday. The... The post Trump picks Jonathan McKernan to lead CFPB amid sha…

11 days ago·Washington, United States

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Fox News

'Save face': Officials at Liz Warren's pet project agency dismissed despite telling media they resigned

FIRST ON FOX: Three leaders at the Consumer Financial Protection Bureau (CFPB) were placed on administrative leave Tuesday, Fox News Digital confirmed. The Office of Management and Budget's Chief Legal Officer Mark Paoletta placed Lorelei Salas, the CFPB’s supervision director, and Eric Halperin, the agency’s enforcement chief, and Zixta Martinez, the agency's deputy director, on administrative leave, a CFPB spokesperson told Fox News Digital Tu…

11 days ago·New York, United States

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The Blaze

Leaders exit as Trump admin moves to overhaul ‘woke & weaponized’ consumer protection agency

Two senior leaders at the Consumer Financial Protection Bureau announced their resignations this week as President Donald Trump's administration aims to reorganize the apparently overstaffed and overfunded agency.Lorelei Salas, the CFPB's supervision director, and Eric Halperin, the agency's enforce...

12 days ago·United States

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Wall Street Journal

Two Senior CFPB Officials Leaving After Vought Takeover

Two senior officials at the Consumer Financial Protection Bureau are out of a job days after Russell Vought took over as interim director of the agency and ordered all work sto

12 days ago·New York, United States

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