
President Donald Trump has taken steps to eliminate the Consumer Financial Protection Bureau (CFPB), asserting that it is a rogue entity. Following the Senate's appointment of Russ Vought as the Office of Management and Budget director, Trump named him the acting director of the CFPB. This move has sparked discussions regarding the implications of such changes, particularly in relation to the Department of Government Efficiency (DOGE), which aims to enhance federal government efficiency. Critics are questioning how the proposed changes will effectively address consumer complaints about financial institutions, with some arguing that only Congress can enact lasting reforms to the CFPB.
