Almost immediately after the Senate named Russ Vought Office of Management and Budget director, President Donald Trump also named him the acting director of the Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau is a rogue agency with a long history of overreach and corruption. The agency has seen rampant internal racism and anti-woman bias, according to the General Accountability Office, the investigative arm of Congress.
The Consumer Financial Protection Bureau hurts consumers by slapping unnecessary fines and regulations on lenders, making it harder for them to lend and driving vulnerable Americans into financial black markets where they are exploited. The bureau has a track record of lawlessness, and the Biden CFPB teamed up with the Justice Department to punish lenders for denying applications based on immigration status.
