Topic · 2 reports

CFPB

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Warren criticizes Vought-led CFPB for dropping enforcement actions worth billions

Jul 17, 2026

Sen. Elizabeth Warren delivered opening remarks at a July 16, 2026 Senate Banking Committee hearing grilling Acting CFPB Director Russ Vought. She accused the Trump administration of widespread corruption, family enrichment via crypto, selling pardons, and using the CFPB to favor donors by dropping enforcement actions. Warren highlighted specific dropped cases involving Navy Federal, Zelle, Regions Bank, and Capital One, claiming they cost families $26.5 billion and contrasted this with the agency's prior $21 billion in consumer redress since 2011. She tied actions to billionaire donors and Trump's unfulfilled day-one price promises amid rising costs. The segment is a partisan Democratic critique aired on Forbes Breaking News.

▶ Source: Forbes Breaking News

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Rep. Beatty Questions Acting CFPB Director Vought on OMWI Compliance

Jul 15, 2026

The clip shows Rep. Joyce Beatty (D-OH) questioning Acting CFPB Director Russell Vought during a House Financial Services Committee hearing on the bureau's semi-annual report. Beatty raises issues including small business lending data under Dodd-Frank Section 1071, OMWI office staffing and compliance with Section 342, CDFI fund delays, housing counseling funding changes, and small business regulatory panels.

▶ Source: Forbes Breaking News