On Wednesday morning, July 15th, 2026, Office of Management and Budget (OMB) Director Russ Vought testified before the House Financial Services Committee regarding the Consumer Finance Protection Bureau’s (CFPB) semi-annual report. Since assuming leadership of the CFPB, Vought has implemented measures to restrict the agency's operations, including freezing funding and preventing employees from conducting investigations or engaging in certain activities.

This testimony highlighted ongoing oversight and scrutiny of the CFPB's activities under Vought's direction.

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