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White House budget director Vought plans to shut down CFPB within months [View all]
https://www.reuters.com/business/world-at-work/white-house-budget-director-vought-says-over-10000-federal-workers-could-be-laid-2025-10-15/WASHINGTON, Oct 15 (Reuters) - White House budget director Russell Vought said on Wednesday he wants to close the U.S. Consumer Financial Protection Bureau even though President Donald Trump's administration has argued in court that there is no such plan.
Vought made the remarks on "The Charlie Kirk Show" as the administration is locked in litigation with a CFPB labor union and consumer advocates over whether Trump has the authority to fire most CFPB staff or dismantle an agency created by Congress.
Representatives for the CFPB did not immediately respond to a request for comment.
Very few people currently work at the CFPB's Washington headquarters "while we close down the agency," Vought said. "So we want to put it out and we will be successful probably within the next two or three months."
Vought repeated Republican allegations that the agency had persecuted small businesses but failed to protect consumers.
Vought made the remarks on "The Charlie Kirk Show" as the administration is locked in litigation with a CFPB labor union and consumer advocates over whether Trump has the authority to fire most CFPB staff or dismantle an agency created by Congress.
Representatives for the CFPB did not immediately respond to a request for comment.
Very few people currently work at the CFPB's Washington headquarters "while we close down the agency," Vought said. "So we want to put it out and we will be successful probably within the next two or three months."
Vought repeated Republican allegations that the agency had persecuted small businesses but failed to protect consumers.
would love to know where vought got the authority to shutdown a government agency established by statute
— jamelle (@jamellebouie.net) 2025-10-15T22:41:01.039Z
7 replies
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