Employees at the nation’s consumer financial watchdog say it’s become toothless under Trump
News
July 16, 2025

Employees at the nation’s consumer financial watchdog say it’s become toothless under Trump

By By KEN SWEET AP Banking Writer 

NEW YORK (AP) — The lights are on at the Consumer Financial Protection Bureau across the street from the White House, and employees still get paid. But, in practice, the bureau has been mostly inoperable for nearly six months. CFPB employees say they essentially spend the workday sitting on their hands, forbidden from doing any work by directive from the White House.

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