The Consumer Financial Protection Bureau, a longtime target of the Republican Party that has undergone a significant shakeup in recent weeks, will continue operating, the Trump administration says. After Trump replaced its director with Russell Vought — director of the White House budget office and an author of Project 2025 — work at the CFPB was frozen.

White House budget director, Russell Vought, who is also the acting director of the CFPB, instructed CFPB employees to stop investigating and processing consumer issues and to suspend any rules that were finalized,

A court filing and letter from acting director Russell Vought claims the White House will not shut down the bureau, citing the nomination of a new director.

The moves were spearheaded by powerful Trump ally Elon Musk, a CFPB critic, and Russell Vought, who heads the White House’s Office of Management and Budget. The events put the future of the CFPB in doubt.

It’s taken just a few weeks in office, but the Trump administration’s apparent vision for economic populism is coming into focus: a blueprint for mass layoffs, creeping inflation, and a dissolution of consumer safeguards reviled by many wealthy Republican donors and politicians.

The Trump administration’s demand that federal agencies plan to radically downsize is driven by a key figure in the conservative movement who has long planned this move.

The Trump administration’s demand that federal agencies plan to radically downsize is driven by a key figure in the conservative movement who has long planned this move. In President Donald Trump’s first term,

Federal agencies must develop plans to eliminate employee positions, according to a memo distributed by President Donald Trump 's administration.

WASHINGTON — The Senate confirmed Russell Vought as White House budget director Thursday night, putting an official who planned the zealous expansion of President Donald Trump's power into one ...