The Trump administration will not dismantle the Consumer Financial Protection Bureau (CFPB) but will reform it to make it more “streamlined,” according to an official.
CFPB Acting Director Russell Vought said the agency’s new leadership will run a “more streamlined and efficient bureau,” according to a Department of Justice (DOJ) court filing on Feb. 24. The filing was made in a legal challenge by a CFPB workers union that’s requesting to halt the administration’s actions targeting the agency.
DOJ attorneys said the administration’s plans for a more streamlined agency meant that it needed less office space. This is consistent with the agency’s decision to cancel the lease for its headquarters, where signage has been removed….