UPDATE: This story was updated Sunday night to include the news that the CFPB headquarters has been ordered closed this week. Russell Vought, the newly named acting director of the Consumer Financial Protection Bureau (CFPB), is shutting down most of the bureau’s functions and has cut off its fundin

Another jobs week has come to an end, and amid the chaotic headlines about job numbers, tariffs, and the leadership of the Treasury, mortgage rates remained calm. Better mortgage spreads are limiting how high rates can rise in 2025. This situation contrasts with the challenges the market faced in 20

President Trump’s shake-up of the Consumer Financial Protection Bureau continues. On Friday night, Russell Vought, the architect of the Project 2025 plan and the newly confirmed director of the White House Office of Management and Budget, emailed top staffers at the CFPB to inform them that he’d bee

Russell Vought, an architect of Project 2025 and the current head of the Office of Management and Budget (OMB), is the new acting head of the Consumer Financial Protection Bureau (CFPB), the Wall Street Journal reported late Friday night. Vought emailed top staffers at the agency to inform them that