President Trump and other critics of the agency say it needs to be shut down. Supporters of the agency point to its record of protecting consumers.

Two top leaders of the Consumer Financial Protection Bureau were removed from their roles Tuesday — in the first staffing cuts as President Trump’s team begins an ambitious effort to

Key Takeaways The acting director of the Consumer Financial Protection Bureau asked employees to stop much of their work, closed the headquarters, and said he would refuse the agency's funding.Analysts said that the White House cannot close the agency without Congress' consent but could hold the CFPB back from doing much of its work.