Senate Democrats are still looking for answers on what the Trump administration is doing to the Consumer Financial Protection Bureau.
Democrats on the Senate Banking Committee sent a letter Thursday to Russell Vought, who in addition to running the Office of Management and Budget is the acting director of the CFPB, demanding to know how the administration’s latest proposal to cut the agency’s staff by half would impact its statutorily mandated work.
“The most recent filing is yet another step in the Trump Administration’s chaotic, consistently illegal quest to destroy the only federal agency tasked specifically with protecting consumers in dealings with financial products and institutions,” the senators wrote in the letter, which was exclusively shared with NOTUS.