From Cointelegraph

February 9, 2025 10:27 PM:

President Trump’s pick, Russell Vought, has quickly dismantled the Consumer Financial Protection Bureau (CFPB) since assuming control just days ago.

Vought’s actions have significantly reduced the agency’s power and enforcement capabilities, leaving many concerned about the future of consumer financial protections.

Critics argue that this move is part of a broader effort by the Trump administration to weaken regulations and oversight in the financial industry.

Read more at Cointelegraph: Trump’s acting CFPB chief cuts off funding, suspends some oversight