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Media Press Releases Current and Former CFPB Officials: Trump Appointees are Lying, Concealing Scheme to Defang Consumer Watchdog

Current and Former CFPB Officials: Trump Appointees are Lying, Concealing Scheme to Defang Consumer Watchdog

New Court Filings Offer Damning Indictment of Trump-Musk Effort to Deceive a Federal Judge and Dismantle the Consumer Financial Protection Bureau

February 28, 2025 | WASHINGTON, D.C. — Late last night, 12 current and former Consumer Financial Protection Bureau (CFPB) officials filed declarations in a federal court case that seeks to protect the CFPB from a relentless, weeks-long assault by Trump Administration appointees including Elon Musk and Acting CFPB Director Russ Vought. This assault has resulted in the illegal firing of federal consumer protection officials and a series of “stop work” orders that have suspended critical agency supervision and law enforcement functions. Just yesterday, the agency dropped consumer protection lawsuits against some of the nation’s largest financial corporations, spanning the credit card, mortgage, and student loan industries. 

Taken together, declarations by these current and former CFPB officials document a shocking range of lies, half-truths, and deceptions by the Trump Administration officials tasked with administering federal consumer financial laws and directing the consumer watchdog agency. These declarations include:

In addition to these declarations by current and former CFPB staff, attorneys defending the CFPB filed declarations by NAACP member Juanita West-Tillman documenting the direct financial consequences of a diminished CFPB on her life as she seeks to recover from the wildfires in southern California. CFPB Staff Association leader Christina Coll also filed a declaration documenting the harm the CFPB’s shutdown has and will continue to impose on the Association’s members.

Further Reading

Consumer Federation of America and SBPC memo detailing 38 enforcement actions abandoned by CFPB Leadership: Trump and Vought Desert Consumers and Working Families Amid Violations by Predatory Financial Companies

National Treasury Employees Union et al. lawsuit against Trump for illegally shutting down CFPB: Lawsuit Challenges Trump Administration’s Illegal Effort to Shut Down CFPB

SBPC and Consumer Federation of America (CFA) memo identifying 87 congressionally imposed mandates Director Vought is refusing to perform: Advocates Applaud Lawsuits Challenging Trump and Vought’s Corrupt and Unlawful Attempt to “Delete” Consumer Watchdog Agency, CFPB

SBPC memo on Twitter/X payments: Twitter/X Payments: Public Corruption Poses Risks for Consumers and Competition

SBPC blog on Musk and DOGE illegal attempt to “delete” CFPB: Elon and DOGE Are Attempting To Illegally “Delete” the CFPB, Here Is Why This Matters To Student Loan Borrower

SBPC press release on CFPB Director Chopra’s firing: CFPB Director Chopra’s Firing Tops Oligarchs’ Wishlist, Foreshadows Swing in Consumer Agency Priorities to Benefit Big Banks and Billionaires

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About Student Borrower Protection Center

Student Borrower Protection Center (SBPC) is a nonprofit organization focused on eliminating the burden of student debt for millions of Americans. We engage in advocacy, policymaking, and litigation strategy to rein in industry abuses, protect borrowers’ rights, and advance racial and economic justice.

Learn more at protectborrowers.org or follow SBPC on Twitter @theSBPC.

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