Trump Administration Moves to Disband Consumer Protection Bureau Amid Legal Pushback and Concerns Over Data Security
In a significant move that marks his latest rollback on regulatory agencies, former President Donald Trump has initiated a series of steps aimed at dismantling the Consumer Financial Protection Bureau (CFPB), raising alarm among federal employees and watchdog organizations. Over the past week, under Trump’s direction, operations at the CFPB have been abruptly halted, its headquarters shuttered, and the flow of funding ceased. Jonathan McKernan stepped into the role of acting director of the CFPB this past Tuesday. Since his appointment, much to the concern of labor representatives and lawmakers, the bureau has terminated over … Read more