Senate Democrats question Vought on comments about closing CFPB in months

CFPB logo

Senate Democrats warned OMB Director Russell Vought Tuesday that it would be illegal for the Trump administration to shut down the Consumer Financial Protection Bureau, citing a recent court decision barring actions that could severely harm the agency.

“These comments are particularly concerning given that a federal court has specifically blocked you from illegally shutting down,” Sen. Elizabeth Warren (D-Mass.), ranking member on the Senate Committee on Banking, Housing, and Urban Affairs, and the 10 other committee Democrats, said in a letter to Vought.

The senators asked Vought to provide details about any funds available for the CFPB by Oct. 31. They also asked whether the agency had specific plans to cut positions and reduce enforcement actions over the next two to three months. 

THIS IS MEMBERS-ONLY CONTENT

You are not logged in and do not have access to members-only content.

If you are already a registered user or a member, SIGN IN now.