Vought Bills CFPB $5 Million for His Security Detail While Gutting Agency's Consumer Work

A top Trump White House official who has incessantly bemoaned wasteful government spending has reportedly billed the Consumer Financial Protection Bureau nearly $5 million for his security detail as he guts the agency's ability to fight for Americans scammed by predatory corporations.

Government Executive on Wednesday obtained a memo from the CFPB's deputy chief financial officer showing that the Office of Management and Budget (OMB) and the consumer bureau "are entering into an interagency agreement to pay the costs" of Russell Vought's security.

Vought currently serves as both OMB director and acting director of the CFPB—a longtime target of Trump, congressional Republicans, and corporate forces.

"The memo spelled out that the agreement was 'on a fast track,' despite the funding not being included in the bureau's fiscal 2025 budget," Government Executive noted. "The $4.7 million will cover Vought's security through December, meaning it will draw from both fiscal years 2025 and 2026."

Earlier this year, Vought described the consumer agency's budget—around $820 million for 2025—as "excessive in the current fiscal environment." An OMB spokesperson did not respond when Government Executive asked why CFPB is footing Vought's security bill.

David Dayen, executive editor of The American Prospect, wrote sardonically that Vought—who has helped turn the consumer bureau into a shell of its former self—is "finally getting things done that matter at CFPB."

"And when I say that, I mean his security detail," Dayen added. "At heart, these guys are all kleptocrats."

Don Moynihan, a professor at the University of Michigan's Gerald R. Ford School of Public Policy, wrote that Vought is "simultaneously stopping CFPB from protecting American consumers from scams, while also charging it $5 million for his security team."

While the Trump administration's effort to dismantle the bureau entirely has been held up in court, Vought and Republicans in Congress have succeeded at slashing the consumer agency's budget and grinding its enforcement work to a halt. A pair of advocacy groups noted in a memo released in late May that the Vought-led CFPB has quietly dismissed more than 20 public enforcement actions against corporate wrongdoers.

Supporters of the CFPB, which was established in the wake of the 2008 financial crisis, have described the agency as a "model of efficiency," touting the fact that it has returned tens of billions of dollars to consumers since its creation.

But that's done nothing to slow the Trump administration's assault on the bureau.

The Prospect's Maureen Tkacik and James Baratta wrote earlier this month that for close to half of 2025, the CFPB's roughly 1,500 staffers "have been locked out of their offices and agency computers, while attorneys and judges deliberate over the degree to which Trump's wrecking crew is legally allowed to assassinate the bureau."

"In the meantime, formal entries into the CFPB's consumer complaints database have soared, suggesting that the business of junk fees, predatory terms, and routine swindles is booming," the pair wrote. "All told, 2.5 million complaints have flooded into the CFPB over the past six months, roughly a quarter of the total complaints the agency has recorded since its inception in 2011, with reports of everything from being shut out of bank accounts after a hurricane to scammers impersonating ICE officials who convince consumers to buy them gift cards in order to help them avoid deportation."

"The ability to force financial scammers to return ill-gotten gains to millions of customers is an awesome authority in a political system that makes it so difficult to materially improve people's lives," they added, "so Vought has unsurprisingly dedicated special effort to destroying that power."

A report released earlier this week by the nonprofit Better Markets notes that the Trump administration's regulatory rollbacks at the CFPB have cost American consumers billions in savings and left them more vulnerable to corporate misconduct.

"The magnitude of the rollback and its costs for American consumers is staggering," said Brady Williams, legal counsel at Better Markets. "The Trump CFPB has aligned itself with industry interests, abandoning its mission to protect consumers."