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Justice Department Says CFPB Will Be Streamlined, Not Dismantled

  • Justice Department attorneys reportedly said late Monday (Feb. 24) in court filings that the Trump administration plans to streamline, not dismantle, the Consumer Financial Protection Bureau (CFPB).
  • The court filings came in a case in which a union representing CFPB workers is seeking a court order that would halt what it says are efforts to destroy the agency, Reuters reported Tuesday (Feb. 25).
  • The Justice Department attorneys stated that the CFPB's headquarters lease has been canceled, and the agency will require less office space moving forward.
  • However, the CFPB will maintain its call center, consumer complaints database, mortgage data, and require payments to consumers harmed by corporate misconduct.

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