As of January 30, 2025, CFPB enforcement actions have resulted in $19.7 billion of consumer relief.

[berg80]

Enforcement by the Numbers | Consumer Financial Protection Bureau

When we take an enforcement action against an entity or individual, we found or allege has violated the law, we will post filings and other related materials here. To increase transparency of the Bureau’s public enforcement actions, we have also posted summary data on all our public enforcement...

www.consumerfinance.gov

Despite its track record, Repubs have tried, and failed, to shut it down.

Supreme Court Rules That the CFPB Is Constitutionally Funded​

Supreme Court Rules That the CFPB Is Constitutionally Funded | Foley & Lardner LLP

On May 16, 2024, the Supreme Court reversed a Fifth Circuit decision which held that the funding for the Consumer Financial Protection Bureau violated the Appropriations Clause.

www.foley.com

It's difficult to draw another conclusion as to why Repubs have been going after the CFPB since it was created other than they'd rather leave consumers to fend for themselves against financial predators.

Trump official quietly drops payday loan case, mulls others​

WASHINGTON (Reuters) - The top cop for U.S. consumer finance has decided not to sue a payday loan collector and is weighing whether to drop cases against three payday lenders, said five people with direct knowledge of the matter.
The move shows how Mick Mulvaney, named interim head of the Consumer Financial Protection Bureau (CFPB) by U.S. President Donald Trump, is putting his mark on an agency conceived to stamp out abusive lending.

Loading…

www.reuters.com

trump's motivation is less murky.

How Payday Lenders Spent $1 Million at a Trump Resort — and Cashed In​

How Payday Lenders Spent $1 Million at a Trump Resort — and Cashed In

At the Trump Doral outside Miami, payday lenders celebrated the potential death of a rule intended to protect their customers. They couldn’t have done it without President Donald Trump and his latest deregulator, Kathleen Kraninger.

www.propublica.org

P2025 author and trump hatchet man, Russell Vought, is running the CFPB now. He has ordered that the agency's operations cease. Like almost everything else trump is doing, lawsuits ensued.
Trump and His Project 2025 Chief Sued Over Sudden CFPB Shutdown

The National Treasury Employees Union, which represents employees at the bureau, on Sunday filed two lawsuits against Russell Vought, the newly confirmed director of the Office of Management and Budget and the CFPB’s acting head. One lawsuit is seeking to block Elon Musk’s Department of Government Efficiency, or DOGE, from gaining access to employee information, stating that three of the pseudo-department’s staffers were granted internal system access.
The same day that Vought granted DOGE access to CFPB systems, the lawsuit alleges, Musk posted “CFPB RIP” on X.

The second lawsuit attacks a directive from Vought issued in an email over the weekend ordering the CFPB’s employees to stop most, if not all, their work, including investigations and issuing new rules. The suit alleges that Vought’s directive “reflects an unlawful attempt to thwart Congress’s decision to create the CFPB to protect American consumers.” Vought also has refused to receive the agency’s latest funding disbursement.

Trump and His Project 2025 Chief Sued Over Sudden CFPB Shutdown

Donald Trump is being sued again—this time, by a union.

newrepublic.com

Now that we've established the CFPB has done a lot of good for consumers, not so much for the companies trying to steal their money, the following question arises.

Is trump trying to shut down the agency illegally (it was created by an act of Congress) because he doesn't have the votes in Congress to do so? I mean, what good is having control of Congress if you can't use it to screw the people you claim to be looking out for?

 

[berg80]

Gee, you don't think..............................

Under the Biden administration, the CFPB had also been positioning itself as a watchdog of Big Tech and artificial intelligence, as the industries crept deeper into consumers’ wallets. It created guardrails around “buy now, pay later” installment loans and increased its scrutiny of tech companies that have expanded into digital payments.

Musk himself, who called to “Delete CFPB” following Trump’s win, has participated in the latter trend. In January, his social media platform X announced a deal with Visa, the largest U.S. credit card network, allowing X users to move money between bank accounts and make peer-to-peer payments.

What's at stake for consumers as Trump officials target the CFPB

The Consumer Financial Protection Bureau’s recent rules on overdraft and credit card late fees are in jeopardy, while others face uncertain futures.

www.nbcnews.com

I'm sure it's just a coincidence so much of what the trump admin is doing lines up with Elon's interests. Tesla has spent heavily building out its charging station infrastructure. And now, this........

Trump administration directs states to stop spending on EV charging infrastructure

Trump administration directs states to stop spending on EV charging infrastructure

The Federal Highway Administration directed states to stop spending money for EV charging infrastructure — funds that were allocated under former President Biden.

www.cbsnews.com

 

[Cellblock2429]

Enforcement by the Numbers | Consumer Financial Protection Bureau

When we take an enforcement action against an entity or individual, we found or allege has violated the law, we will post filings and other related materials here. To increase transparency of the Bureau’s public enforcement actions, we have also posted summary data on all our public enforcement...

www.consumerfinance.gov

Despite its track record, Repubs have tried, and failed, to shut it down.

Supreme Court Rules That the CFPB Is Constitutionally Funded​

Supreme Court Rules That the CFPB Is Constitutionally Funded | Foley & Lardner LLP

On May 16, 2024, the Supreme Court reversed a Fifth Circuit decision which held that the funding for the Consumer Financial Protection Bureau violated the Appropriations Clause.

www.foley.com

It's difficult to draw another conclusion as to why Repubs have been going after the CFPB since it was created other than they'd rather leave consumers to fend for themselves against financial predators.

Trump official quietly drops payday loan case, mulls others​

WASHINGTON (Reuters) - The top cop for U.S. consumer finance has decided not to sue a payday loan collector and is weighing whether to drop cases against three payday lenders, said five people with direct knowledge of the matter.
The move shows how Mick Mulvaney, named interim head of the Consumer Financial Protection Bureau (CFPB) by U.S. President Donald Trump, is putting his mark on an agency conceived to stamp out abusive lending.

Loading…

www.reuters.com

trump's motivation is less murky.

How Payday Lenders Spent $1 Million at a Trump Resort — and Cashed In​

How Payday Lenders Spent $1 Million at a Trump Resort — and Cashed In

At the Trump Doral outside Miami, payday lenders celebrated the potential death of a rule intended to protect their customers. They couldn’t have done it without President Donald Trump and his latest deregulator, Kathleen Kraninger.

www.propublica.org

P2025 author and trump hatchet man, Russell Vought, is running the CFPB now. He has ordered that the agency's operations cease. Like almost everything else trump is doing, lawsuits ensued.
Trump and His Project 2025 Chief Sued Over Sudden CFPB Shutdown

The National Treasury Employees Union, which represents employees at the bureau, on Sunday filed two lawsuits against Russell Vought, the newly confirmed director of the Office of Management and Budget and the CFPB’s acting head. One lawsuit is seeking to block Elon Musk’s Department of Government Efficiency, or DOGE, from gaining access to employee information, stating that three of the pseudo-department’s staffers were granted internal system access.
The same day that Vought granted DOGE access to CFPB systems, the lawsuit alleges, Musk posted “CFPB RIP” on X.

The second lawsuit attacks a directive from Vought issued in an email over the weekend ordering the CFPB’s employees to stop most, if not all, their work, including investigations and issuing new rules. The suit alleges that Vought’s directive “reflects an unlawful attempt to thwart Congress’s decision to create the CFPB to protect American consumers.” Vought also has refused to receive the agency’s latest funding disbursement.

Trump and His Project 2025 Chief Sued Over Sudden CFPB Shutdown

Donald Trump is being sued again—this time, by a union.

newrepublic.com

Now that we've established the CFPB has done a lot of good for consumers, not so much for the companies trying to steal their money, the following question arises.

Is trump trying to shut down the agency illegally (it was created by an act of Congress) because he doesn't have the votes in Congress to do so? I mean, what good is having control of Congress if you can't use it to screw the people you claim to be looking out for?

/----/ "It's difficult to draw another conclusion as to why Repubs have been going after the CFPB"
A simple Google search would reveal why Republicans are against it.
'Republicans have long been especially critical of the CFPB, which was created in the wake of the 2008 financial crisis, arguing that it has been too aggressive in its oversight and has too broad a reach."

During the campaign, Trump said he would cap credit card interest rates at 10%, after they had soared to record levels above 20%, on average, as the Federal Reserve lifted interest rates in 2022 and 2023. Trump signed an EO to that affect. A federal judge reversed that EO and put rates back at 20%

 

[kyzr]

So berg is celebrating CFPB catching $19b for the people, while railing against DOGE saving taxpayers $trillions.

CFPB needs to be shut down. It just produces needless regulations.

How can it be put under the Federal Reserve instead of the president??????

 

[SeaMajor7]

Ooooooo, today's NARRATIVE fresh from the press.
WEEEEEEEEEEEEEEEEEEEEEEEEE

 

[Harry Dresden]

So berg is celebrating CFPB catching $19b for the people, while railing against DOGE saving taxpayers $trillions.

CFPB needs to be shut down. It just produces needless regulations.

How can it be put under the Federal Reserve instead of the president??????

berg has been trumpisized.....big time.....

 

[Toddsterpatriot]

Enforcement by the Numbers | Consumer Financial Protection Bureau

When we take an enforcement action against an entity or individual, we found or allege has violated the law, we will post filings and other related materials here. To increase transparency of the Bureau’s public enforcement actions, we have also posted summary data on all our public enforcement...

www.consumerfinance.gov

Despite its track record, Repubs have tried, and failed, to shut it down.

Supreme Court Rules That the CFPB Is Constitutionally Funded​

Supreme Court Rules That the CFPB Is Constitutionally Funded | Foley & Lardner LLP

On May 16, 2024, the Supreme Court reversed a Fifth Circuit decision which held that the funding for the Consumer Financial Protection Bureau violated the Appropriations Clause.

www.foley.com

It's difficult to draw another conclusion as to why Repubs have been going after the CFPB since it was created other than they'd rather leave consumers to fend for themselves against financial predators.

Trump official quietly drops payday loan case, mulls others​

WASHINGTON (Reuters) - The top cop for U.S. consumer finance has decided not to sue a payday loan collector and is weighing whether to drop cases against three payday lenders, said five people with direct knowledge of the matter.
The move shows how Mick Mulvaney, named interim head of the Consumer Financial Protection Bureau (CFPB) by U.S. President Donald Trump, is putting his mark on an agency conceived to stamp out abusive lending.

Loading…

www.reuters.com

trump's motivation is less murky.

How Payday Lenders Spent $1 Million at a Trump Resort — and Cashed In​

How Payday Lenders Spent $1 Million at a Trump Resort — and Cashed In

At the Trump Doral outside Miami, payday lenders celebrated the potential death of a rule intended to protect their customers. They couldn’t have done it without President Donald Trump and his latest deregulator, Kathleen Kraninger.

www.propublica.org

P2025 author and trump hatchet man, Russell Vought, is running the CFPB now. He has ordered that the agency's operations cease. Like almost everything else trump is doing, lawsuits ensued.
Trump and His Project 2025 Chief Sued Over Sudden CFPB Shutdown

The National Treasury Employees Union, which represents employees at the bureau, on Sunday filed two lawsuits against Russell Vought, the newly confirmed director of the Office of Management and Budget and the CFPB’s acting head. One lawsuit is seeking to block Elon Musk’s Department of Government Efficiency, or DOGE, from gaining access to employee information, stating that three of the pseudo-department’s staffers were granted internal system access.
The same day that Vought granted DOGE access to CFPB systems, the lawsuit alleges, Musk posted “CFPB RIP” on X.

The second lawsuit attacks a directive from Vought issued in an email over the weekend ordering the CFPB’s employees to stop most, if not all, their work, including investigations and issuing new rules. The suit alleges that Vought’s directive “reflects an unlawful attempt to thwart Congress’s decision to create the CFPB to protect American consumers.” Vought also has refused to receive the agency’s latest funding disbursement.

Trump and His Project 2025 Chief Sued Over Sudden CFPB Shutdown

Donald Trump is being sued again—this time, by a union.

newrepublic.com

Now that we've established the CFPB has done a lot of good for consumers, not so much for the companies trying to steal their money, the following question arises.

Is trump trying to shut down the agency illegally (it was created by an act of Congress) because he doesn't have the votes in Congress to do so? I mean, what good is having control of Congress if you can't use it to screw the people you claim to be looking out for?

Where did they send all the penalty money?
Back to the US Treasury? LINK?