CFPB

Trump Dismantles CFPB

February 12, 2025

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Trump Moves to Shut Down the CFPB – What It Means for Mortgage Pros

Trump is taking down the CFPB, calling it an agency designed to destroy people. The newly appointed director has already halted investigations, suspended rules, and effectively shut down operations. A prime example of CFPB overreach? Townstone Financial, a mortgage company wrongly accused of discrimination and financially crippled by baseless claims. With funding cut off and enforcement frozen, the CFPB’s future is uncertain—but for many in the mortgage industry, it’s a long-overdue win.