Trump Official Bills CFPB $5 Million for His Security Detail While Gutting Agency’s Consumer Work

Trump official bills CFPB $5 million for his security detail while gutting agency’s consumer work

A top Trump White House official who has incessantly bemoaned wasteful government spending has reportedly billed the Consumer Financial Protection Bureau nearly $5 million for his security detail as he guts the agency's ability to fight for Americans scammed by predatory corporations.Government Executive on Wednesday obtained a memo from the CFPB's deputy chief financial officer showing that the Office of Management and Budget (OMB) and the cons…

Russ Vought Is Hoovering Up $5M Of CFPB Budget For His Security

It's not like consumers really need those services anymore, right?

Vought Bills CFPB $5 Million for His Security Detail While Gutting Agency's Consumer Work

"At heart, these guys are all kleptocrats," wrote one critic.

The Wonky Policy Fight That Has Silicon Valley Tech Companies Defending a Biden Admin Rule

Deep-pocketed tech companies are coming to the defense of an obscure banking rule, introduced under the Biden administration, that some industry leaders claim is an exception to the rule when it comes to opposing government overreach. At the heart of the debate is the Consumer Financial Protection Bureau’s Section 1033 open banking rule, a European-inspired regulation pushed by Biden-appointed CFPB Director and Elizabeth Warren protégé, Rohit Ch…

Community Groups File Lawsuit Seeking to Force CFPB to Implement the Section 1071 Rule

The saga of the CFPB’s section 1071 small business data collection and reporting rule continues. Rise Economy, fka California Reinvestment Coalition (Rise), the National Reinvestment Coalition (NCRC), the Main Street Alliance (MSA) and Reshonda Young (a small business owner and member of MSA) filed a complaint against Acting CFPB Director Russell Vought and the CFPB seeking to force the agency to implement the section 1071 rule.... Continue Read…

Consumer groups sue CFPB over small-business data rule

A coalition of consumer groups sued the Consumer Financial Protection Bureau and acting Director Russell Vought for refusing to implement a statutorily mandated small-business data collection rule that is already tied up in litigation.