Controversy Unleashed: Trump's CFPB Shakeup

The Trump administration's recent actions against the Consumer Financial Protection Bureau (CFPB) include staff terminations and ceasing agency operations. The CFPB, targeted since its creation, faces notable disruptions under acting chief Russell Vought. The administration labels the CFPB as biased, prompting additional personnel and operational changes.

The Trump administration has intensified its efforts against the Consumer Financial Protection Bureau (CFPB) by terminating several probationary staff members and halting the agency's activities, according to insiders.

This federal bureau, established by Congress in 2010 and consistently scrutinized by conservatives, faced significant operational cuts over the weekend, spearheaded by the acting chief, Russell Vought. Vought has halted all supervision and examination processes, announcing plans to defund the agency for the upcoming quarter.

Critics, including the White House, describe the CFPB as a politically motivated entity. This clash marks an ongoing confrontation between the administration and the CFPB, resulting in mass resignations among the bureau's senior staff and further operational stalemates.

(With inputs from agencies.)