Elon Musk’s Attacks on CFPB Remove Obstacle to Building ‘X Money’
Elon Musk, the world’s richest man, is widely known for amassing his fortune through Tesla, his electric car company, and SpaceX, the rocket ship company he founded. But he started…
Trump Names 2 New Top Financial Regulators
President Trump on Tuesday named two nominees to lead top financial regulators: Jonathan McKernan for director of the Consumer Financial Protection Bureau and Jonathan Gould as the comptroller of the…
Opinion | What if Trump Just Ignores the Courts?
This is an edited transcript of an episode of “The Ezra Klein Show.” You can listen to the conversation by following or subscribing to the show on the NYT Audio…
CFPB Employees Left Stranded and Confused After Stop-Work Orders
Barely two days after Russell Vought, the new acting director of the Consumer Financial Protection Bureau, ordered the agency to close its office and halt all its work, employees spent…
36 Hours After Russell Vought Took Over Consumer Bureau, He Shut Its Operations
The day before Linda Wetzel closed on her retirement home in Southport, N.C., in 2012 — a cozy place where she could open the windows at night and catch an…
Federal Financial Watchdog Ordered to Cease Activity
Employees of the Consumer Financial Protection Bureau were instructed to cease “all supervision and examination activity” and “all stakeholder engagement,” effectively stopping the agency’s operations, in an email from the…
Senate Confirms Russell Vought as Office of Management and Budget Director
The Senate voted along party lines on Thursday to confirm Russell T. Vought to lead the Office of Management and Budget, putting in place one of the most powerful architects…
Opinion | ‘Trump’s Thomas Cromwell’ Is Waiting in the Wings
In that role, Vought is determined to wipe out any vestiges of Democratic control of the United States government. In December 2022, he wrote that Democratic control had resulted in…