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Prices and the Economy
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Checks and Balances
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Civil Servants
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Prices and the Economy
Checks and Balances
Civil Servants
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Response Center

Real-time analysis of Trump-Vance administration actions, to support legal challenges and provide resources for the pro-democracy community.

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The Trump-Vance Administration is trying to

Defund and dismantle the Consumer Financial Protection Bureau (CFPB)

Let others know:

https://democracy2025.org/response-center/Q8cmP7

What we know

The Trump administration has taken steps to illegally shut down the government agency created by Congress to protect consumers.

Formal Name

N/A

Status
Challenged
Formal Identifier

N/A

February 10, 2025

Anticipated Impact

The Consumer Financial Protection Bureau (CFPB) was created by Congress in the wake of the 2008 financial crisis to protect American consumers from predatory behavior in the financial sector. The agency has faced many attacks, even as recently as 2024, but the Supreme Court overwhelmingly upheld its constitutionality. Despite its congressional mandate, the Trump administration is attempting to dismantle the CFPB. Elon Musk's so-called "Department of Government Efficiency" (DOGE), following its usual pattern of illegally bulldozing agencies, changed part of the website and accessed agency data, including HR and payroll systems, as well as financial information and enforcement records. Musk posted “CFPB RIP” on X (formerly known as Twitter), which is also launching a digital banking service that would likely have been regulated by the agency. President Trump also appointed Russell Vought as Acting Director of the CFPB. Within days of his appointment, Vought issued a stop-work order and refused to request critical funds, effectively hamstringing the agency. Undermining the agency means undermining protections for consumers on critical issues like credit reporting and discriminatory lending, and it means the CFPB cannot continue litigating cases like those that recover billions of dollars for consumers.

By the Numbers

Partner Analysis

People are fighting back

How communities are responding

Democracy 2025 and our partners are ready to counter threats to people's rights, justice, and equality in courtrooms and communities across the country. Learn more about how people and communities are responding to this harmful policy:

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Help us counter unlawful, anti-democratic actions from the Trump-Vance administration and protect people, freedom, and justice.

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