💨 Abstract

The Consumer Financial Protection Bureau (CFPB) in the US is described as inoperable, with employees directed by the White House to refrain from work. Since the "Trump 2.0" administration, the agency, tasked with overseeing banks and consumer protection, has undone previous regulations and enforcement actions. The agency faces budget cuts and potential layoffs, with concerns raised by lawmakers and former employees.

Courtesy: WTOP Staff