Key facts
- Russell Vought has reportedly made significant changes at the CFPB.
- Vought has allegedly refused to enforce settlements.
- Vought has allegedly refused to pursue lawsuits.
- These actions are claimed to benefit companies such as Walmart and Toyota.
The Consumer Financial Protection Bureau (CFPB) is a U.S. government agency responsible for consumer protection in the financial sector. Allegations of leadership gutting the agency's enforcement capabilities raise concerns about the protection of consumers and the fair application of financial regulations.