Lawsuits filed to save CFPB amid Trump push to shutter financial watchdog
By 
Adrianne Appel2025-02-12T15:20:00
Enforcement and all other operations at the Consumer Financial Protection Bureau (CFPB) have come to a screeching halt under Trump administration directives but a pair of lawsuits aimed at keeping the agency open mean the stoppage could be short-lived.
The CFPB, created in 2011 in response to the 2008 banking crisis, is a financial watchdog agency for American consumers. In recent years, it has taken aim at online payment apps, including Block and big banks like Capital One and JPMorgan Chase.
The agency under former Director Rohit Chopra, fired by President Donald Trump Feb. 3, zealously wrote rules, most recently about Big Tech, financial privacy, gaming, and cryptocurrencies. The bureau had just proposed privacy rules for gaming payment apps, a process now in limbo.
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