Rather than investigate a buzzy fintech startup for throwing users’ accounts into chaos, the Russell Vought-led Consumer Financial Protection Bureau trusted that the company was “back on track.” Customers soon learned the hard way that this wasn’t true.

Rather than investigate a buzzy fintech startup for throwing users’ accounts into chaos, the Russell Vought-led Consumer Financial Protection Bureau trusted that the company was…

Vought and his allies have reshaped the CFPB into an industry-friendly, less aggressive regulator