Political Drama: Director Plans to Shut Down CFPB
The timing of the case’s dismissal raised eyebrows. Just a day earlier, Vought — who also serves as White House budget chief — announced on The Charlie Kirk Show that he plans to shut down the CFPB entirely in the coming months.
“We don’t have anyone working there except our Republican appointees and a few career staff doing statutory responsibilities while we close down the agency,” Vought said. “We will be successful probably within the next two or three months.”
Allegations of Bias and Cover-Up
The CFPB’s 2023 findings painted a troubling picture of systematic profiling within Citi’s retail services division between 2015 and 2021 — the unit managing co-branded cards for retailers like Home Depot and Best Buy.
According to the bureau, Citi employees allegedly flagged applicants with Armenian-looking last names for “extra scrutiny”, rejected them under false pretenses, and were instructed to avoid written or recorded discussions about these practices to conceal discriminatory behavior.
Supervisors even encouraged staff to cite “pretextual” reasons for denials, according to the consent order.
