Trump Administration Cripples Consumer Protection Agency | JQJO

The Consumer Financial Protection Bureau (CFPB) is effectively inoperable under the Trump administration. Employees report being forbidden from working, resulting in a halt to consumer protection efforts. Existing enforcement actions and settlements are being reversed, leaving consumers vulnerable. The agency's response to inquiries is nonexistent, and a significant budget cut is impending, further hindering its ability to function. This inaction follows a years-long Republican effort to curtail the CFPB's authority. Despite court challenges blocking staff layoffs, the future of the bureau remains uncertain.