CFPB Likely Will Shut Down in Next 2-3 Months, Vought Says

Oct. 15, 2025, 6:07 PM UTC

White House Budget Director Russell Vought says he thinks he will be successful in shutting down the Consumer Financial Protection Bureau “within the next two or three months.”

  • Vought speaks on the Charlie Kirk show
  • The agency wants to “weaponize the tools of financial laws against basically small mom-and-pop lenders and other small financial institutions,” Vought says

To contact the reporter on this story:
Matthew James Mcarthur in New York at mmcarthur8@bloomberg.net

To contact the editors responsible for this story:
Kasia Klimasinska at kklimasinska@bloomberg.net

Gabriella Borter

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