The Consumer Financial Protection Bureau has dropped at least half of all of its enforcement actions and rescinded dozens of actions meant to protect consumers since the Trump administration took over the agency a year ago, according to a report released Monday by the Government Accountability Office.

Since February 2025, the CFPB has “taken actions to reduce the size and scope of its activities and staffing,” including “issuing stop-work orders; closing supervisory examinations; and terminating employees, contracts, and enforcement cases,” a letter accompanying the report said.

Employee terminations – which have been caught up in litigation – amount to 88% of CFPB employees, the GAO found.

The GAO conducted the audit from April 2025 to January 2026 and released the report in response to a request from a group of lawmakers led by Sen. Elizabeth Warren, D-MA, who has been as outspoken about the importance of the bureau as its Acting Director Russ Vought has been public with his intentions to shutter it completely. 

A spokesperson for the CFPB did not immediately respond to a request for comment. But the letter accompanying the GAO report noted that the CFPB “raised concerns” with its accuracy but did not identify appropriate corrections.

Following the CFPB’s confirmation that it did not plan on supplying the GAO with additional information or corrections, the GAO “stand[s] by the accuracy of the facts presented in our report, which are based on publicly available information including court dockets and Federal Register notices.”

A separate but similar report by the Senate Banking Committee’s minority staff , also released Monday, detailed similar findings. Warren, the ranking member of the committee, was an architect of the consumer watchdog agency.

The CFPB’s termination of numerous enforcement actions, consent orders and rules has cost American consumers up to $19 billion, the report said.

Approximately $5 billion of that cost came from the overturn of the Biden-era CFPB overdraft limit rule. Roughly $10 billion came from credit card late fees, and $4 billion from the dismissal of a series of lawsuits against or settlements with companies that the Biden-era CFPB had found to violate consumer protections.

All told, the Trump administration’s efforts to shrink the CFPB “have made America less, not more, affordable—and [Trump] must reverse course to lower costs for Americans,” the report from the committee’s minority staff said.

“Since its creation, GAO has been Congress’s nonpartisan fact-finding agency,” a spokesperson for the Consumer Federation of America, a consumer protection nonprofit, told Banking Dive Tuesday. “But this CFPB’s willingness to distort the record, obstruct transparency, and put its agenda ahead of the public interest is virtually unprecedented, and this episode makes that clear.”