AP Exclusive: Senate Democrats plan to force votes on Consumer Financial Protection Bureau rollbacks
Summary
Senate Democrats plan to force votes on rollbacks made by the Consumer Financial Protection Bureau (CFPB) under President Donald Trump’s administration. These votes aim to bring attention to the undoing of consumer protection rules and put pressure on vulnerable Republican senators in an election year.Key Facts
- Senate Democrats are preparing 20 votes targeting changes made by the CFPB since February 2025.
- The CFPB’s acting director, Russell Vought, has rolled back 67 policies and seeks to dismantle the agency.
- These votes use the Congressional Review Act, which allows Congress to overturn federal regulations.
- Senator Elizabeth Warren, a founder of the CFPB, is leading this effort.
- The rollbacks affect rules on debt collection, buy now-pay later services, overdraft fees, and other consumer finance areas.
- The CFPB’s staff currently remain under orders not to work, and its budget is shrinking due to recent tax and spending cuts.
- The move is seen as a way to highlight the administration’s impact on consumers and challenge vulnerable Republican senators during the 2026 elections.
- The CFPB was created after the 2008 financial crisis to protect consumers in financial markets.
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