The Trump administration, under the leadership of Acting CFPB Director Russ Vought and Chief Legal Officer Mark Paoletta, has taken aggressive steps to rein in the Consumer Financial Protection Bureau (CFPB), originally created under the Obama administration with the support of Sen. Elizabeth Warren (D-MA). Describing the agency as “woke and weaponized,” Trump officials have targeted what they view as regulatory overreach and politically motivated enforcement against American businesses.
