| Date | Action | Agency | Summary |
|---|---|---|---|
| 2025-02-09 | Forced Remote Work of Staff/Stand Down from All Work |
CFPB
|
New CFPB leadership signals its intent to dismantle the CFPB by freezing the vast majority of work at the agency. |
| 2025-02-09 | Crypto Staff Reassignment |
SEC
|
The SEC reassigned more than 50 lawyers and staff who were solely responsible for cryptocurrency enforcement actions. The dismantling of the crypto unit endangers investors because crypto is rife with frauds, scams, and abuses. Learn more about the threats crypto poses to the financial system and Main Street here. |
| 2025-02-08 | Vought cuts off CFPB funding |
CFPB
|
New CFPB leadership signals its intent to dismantle the CFPB, this time by seeking to undermine the agency’s funding. Read Better Markets’ response here. |
| 2025-02-07 | Extension of Form SHO Compliance Date |
SEC
|
The SEC extended the deadline for institutional investment managers to report information about their short sales. The extension means that the SEC will continue to lack information about short selling in the marketplace, which will make it more difficult for the SEC to investigate market manipulations. |
| 2025-02-07 | Musk’s team has gained access to CFPB building, data systems |
CFPB
|
So-called Department of Government Efficiency begins to dismantle the CFPB from within. |
| 2025-02-05 | FDIC releases crypto documents |
FDIC
|
FDIC releases formerly confidential documents related to bank crypto-activities and supervisory actions. The FDIC and other banking regulators are the front-line protectors for Americans’ savings accounts, and the FDIC’s work, if they are allowed to do it, also prevents crashes and bailouts. Acting Chair Hill played into the hand of the crypto industry, saying that the FDIC’s supervisory approach was wrong and too strong. This directly undermines the work of the agency and the weakens the banking industry. |
