Katherine Doyle is a White House reporter for NBC News.
Office of Management and Budget Director Russell Vought has taken on the role of acting head of the Consumer Financial Protection Bureau, according to an OMB spokesperson and a source familiar with the situation. Vought, who was confirmed as OMB director Thursday despite strong opposition from Senate Democrats, replaces Treasury Secretary Scott Bessent as acting head.
, Trump said he 'could see' Secretary of State Marco Rubio taking charge of the agency. Rubio, who said earlier this week he had taken over as the acting head of , last month ordered a halt to almost all foreign aid. froze its work providing humanitarian aid abroad, and a federal judge on Friday paused the Trump administration’s effort to strip down the agency’s workforce of nearly 5,000 to a few hundred workers. Trump and Republicans have long taken aim at the CFPB, seeking to reign in its regulatory powers. The bureau was established in 2011 as a result of the Dodd-Frank Act in the aftermath of the Great Recession.
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