Trump Team Had CFPB ‘Wind-Down’ Plan, Agency Staff Tell Court

The Trump administration has put the Consumer Financial Protection Bureau in “wind-down mode” despite its assurances that the agency will continue to exist, current and former CFPB officials said in court filings disputing the agency’s official statements.

The CFPB in a Feb. 24 brief in the US District Court for the District of Columbia said the Trump administration intends to have a functioning agency, even though acting Director Russell Vought has moved to halt virtually all of the CFPB’s operations and put nearly all of its staff on administrative leave.

But agency emails cited in current and former CFPB ...