The Banker, February 18, 2025, What’s next for the Consumer Financial Protection Bureau?
Critics say the move effectively stops the CFPB from doing much of its work. Jesse Van Tol, president of the National Community Reinvestment Coalition, a non-profit organisation, said Vought is “illegally trying to shut down a congressionally created agency”, referring to the fact that the White House cannot close the agency without consent from Congress.
