
A recent trove of emails has revealed turmoil within the Consumer Financial Protection Bureau (CFPB) following the Trump administration's abrupt work stoppage. Internal communications show staff caught between legal obligations and stop-work demands from Trump-appointed leaders, leading to chaos as they attempted to restart operations amid a lawsuit challenging the shutdown. In a related development, the CFPB has dropped its lawsuit against Bank of America, JPMorgan Chase, Wells Fargo, and Zelle, which accused these banks of failing to protect consumers from fraud on the Zelle platform. The agency has resumed some operations following a federal judge's ruling, which allowed it to continue legally mandated tasks. Additionally, President Donald Trump's nominee, Jonathan McKernan, has cleared a key Senate hurdle for confirmation as the CFPB's director, indicating a potential stabilization for the beleaguered agency.









McKernan's nomination to lead CFPB moves forward https://t.co/EnjmJ4G7TT
Federal consumer bureau drops lawsuit over Zelle schemes https://t.co/YLaVvJVXGB
The CFPB dropped its case against Zelle. @russvought deserves congratulations for this pro-consumer move (article follows) 1/2