The Trump administration's newly installed acting Consumer Financial Protection Bureau chief Russell Vought is closing the agency and has ordered staff to halt all work. WSJ’s Brian Schwartz explores what the agency does and why it’s become the next target for Trump allies like Vought and Elon Musk.

Further Listening:

- Trump 2.0: Less Foreign Aid, More Tariffs 

- Inside USAID as Elon Musk and DOGE Ripped It Apart 

- Trump’s Tariff Whiplash 

Further Reading:

- CFPB to Close Office After Vought Tells Staff to Halt All Supervision 

- Russell Vought Taking Over as New Acting Head of CFPB 

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