Senator Elizabeth Warren, the Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, issued a statement responding to Russ Vought’s request that the Consumer Financial Protection Bureau (CFPB) receive funding from the Federal Reserve, framing the request as compelled by court challenges. Warren criticized what she described as efforts by Donald Trump and Vought to shut down the CFPB, and cited the agency’s record of returning more than USD 21 billion directly to consumers.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-01-09
U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member Elizabeth Warren issues statement on Russ Vought seeking Federal Reserve funding for the CFPB
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, criticized Russ Vought's request for the Consumer Financial Protection Bureau (CFPB) to receive Federal Reserve funding, framing it as an attempt by Donald Trump and Vought to dismantle the CFPB, which has returned over USD 21 billion to consumers.