Shumita Basu

After the CFPB's orders, Bank of America said they voluntarily reduced overdraft fees and eliminated insufficient fund fees. But this week, as we mentioned on Monday's show, the entire agency was put on pause when Russell Vogt, the new head of the Office of Management and Budget and acting director of the CFPB, ordered it to close for at least the week.

The agency has a budget of $823 million for the 2025 fiscal year, and the money comes from the Federal Reserve. In his first term, Trump proposed slashing the agency's budget and rolling back regulations. He's raised concerns without providing evidence of possible fraud, and he's accused the agency of weaponizing its power.

The agency has a budget of $823 million for the 2025 fiscal year, and the money comes from the Federal Reserve. In his first term, Trump proposed slashing the agency's budget and rolling back regulations. He's raised concerns without providing evidence of possible fraud, and he's accused the agency of weaponizing its power.

The agency has a budget of $823 million for the 2025 fiscal year, and the money comes from the Federal Reserve. In his first term, Trump proposed slashing the agency's budget and rolling back regulations. He's raised concerns without providing evidence of possible fraud, and he's accused the agency of weaponizing its power.

Elon Musk, meanwhile, recently proposed on social media to, quote, delete CFPB, calling the work it does duplicative of other regulatory bodies. However, consumer advocates and ethics experts tell CNN Musk's involvement in trying to gut the agency is a concerning conflict of interest because he owns several businesses that could benefit from looser financial regulations.

Elon Musk, meanwhile, recently proposed on social media to, quote, delete CFPB, calling the work it does duplicative of other regulatory bodies. However, consumer advocates and ethics experts tell CNN Musk's involvement in trying to gut the agency is a concerning conflict of interest because he owns several businesses that could benefit from looser financial regulations.

Elon Musk, meanwhile, recently proposed on social media to, quote, delete CFPB, calling the work it does duplicative of other regulatory bodies. However, consumer advocates and ethics experts tell CNN Musk's involvement in trying to gut the agency is a concerning conflict of interest because he owns several businesses that could benefit from looser financial regulations.

There's a financing arm of Tesla, for example, that provides car loans, which are subject to CFPB oversight. Just last month, Musk's social media platform X announced plans to launch a digital wallet and peer-to-peer payment platform in partnership with Visa. And there are concerns about whether Musk now has access to information about digital payment systems from his direct competitors.

There's a financing arm of Tesla, for example, that provides car loans, which are subject to CFPB oversight. Just last month, Musk's social media platform X announced plans to launch a digital wallet and peer-to-peer payment platform in partnership with Visa. And there are concerns about whether Musk now has access to information about digital payment systems from his direct competitors.

There's a financing arm of Tesla, for example, that provides car loans, which are subject to CFPB oversight. Just last month, Musk's social media platform X announced plans to launch a digital wallet and peer-to-peer payment platform in partnership with Visa. And there are concerns about whether Musk now has access to information about digital payment systems from his direct competitors.

The CFPB has investigated the owner of Cash App, to name one.

The CFPB has investigated the owner of Cash App, to name one.

The CFPB has investigated the owner of Cash App, to name one.

Democrats in Congress say the CFPB's work is critical to protect consumers and it can't be shut down without congressional approval. Senator Elizabeth Warren, who serves on the Committee for Banking, Housing and Urban Affairs and who helped create the CFPB, joined protesters and some of the Bureau's employees who were protesting the stop work order in Washington on Monday.

Democrats in Congress say the CFPB's work is critical to protect consumers and it can't be shut down without congressional approval. Senator Elizabeth Warren, who serves on the Committee for Banking, Housing and Urban Affairs and who helped create the CFPB, joined protesters and some of the Bureau's employees who were protesting the stop work order in Washington on Monday.

Democrats in Congress say the CFPB's work is critical to protect consumers and it can't be shut down without congressional approval. Senator Elizabeth Warren, who serves on the Committee for Banking, Housing and Urban Affairs and who helped create the CFPB, joined protesters and some of the Bureau's employees who were protesting the stop work order in Washington on Monday.

Vote, for his part, has restored at least one key function that the CFPB performs, the weekly publishing of the average prime offer rate. That's a tool used by the mortgage market, signaling that some of the agency's functions are vital to the economy.

Vote, for his part, has restored at least one key function that the CFPB performs, the weekly publishing of the average prime offer rate. That's a tool used by the mortgage market, signaling that some of the agency's functions are vital to the economy.

Vote, for his part, has restored at least one key function that the CFPB performs, the weekly publishing of the average prime offer rate. That's a tool used by the mortgage market, signaling that some of the agency's functions are vital to the economy.

But as one industry analyst notes, Vote has broad power over the direction of the agency, including slowing it down or, as this analyst said, putting it to sleep. Now to international news. Mark Fogel, the American teacher imprisoned in Russia since 2021, is back on American soil.