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New CFPB chief closes headquarters, tells all staff they must not do 'any work tasks'
The edict comes as Russell Vought takes over at the Consumer Financial Protection Bureau. Vought has ordered work to halt at the consumer finance watchdog and is cutting off new funding.
US consumer finance watchdog chief tells all staff to cease work
President Donald Trump's newly installed chief of the U.S. Consumer Financial Protection Bureau told all of the agency's staff on Monday to stay away from the office and do no work, according to an email reviewed by Reuters.
The CFPB tells its workers to 'not perform any work tasks' this week while it shuts down its DC headquarters
CFPB employees must "get approval in writing" to do any work this week, acting director Russell Vought wrote in an email.
Trump’s CFPB Chief Orders Staff To Halt Supervision, Closes Agency Headquarters
President Trump’s newly appointed Consumer Financial Protection Bureau chief has ordered the closure of the agency’s headquarters and directed staff to halt all supervisory activities. Chief Russell Vought instructed CFPB employees to cease all supervision and examination activity.
Acting CFPB chief tells all staff to cease 'any work tasks'
President Donald Trump's newly installed chief of the U.S. Consumer Financial Protection Bureau on Monday directed all of the agency's workers to desist from performing any work, according
Hosted on MSN
13h
Is the CFPB Being Eliminated? What Could That Mean for You?
It looks like a government watchdog may have been put on a chain, and some experts are worried what this could mean for ...
20h
2 top CFPB officials resign after Trump, Musk target U.S. consumer protection agency
Two top officials in the U.S. Consumer Financial Protection Bureau resigned Tuesday as the Trump administration takes aim the ...
14h
on MSN
With the CFPB Being Dismantled, Who's Policing The Big Banks?
With the government's consumer watchdog agency off the job on the orders of President Donald Trump, Democratic lawmakers are ...
1d
on MSN
Judge to review Trump's buyout offer to government workers; CFPB HQ shuttered
A U.S. judge will consider on Monday the fate of President Donald Trump's buyout offer to two million federal workers as ...
19h
on MSN
Top CFPB leaders dismissed as Trump team begins to dismantle agency
Two top leaders of the Consumer Financial Protection Bureau were removed from their roles Tuesday — in the first staffing ...
1d
on MSN
As Musk, Trump administration target CFPB, Democrats defend consumer watchdog's impact
The Consumer Financial Protection Bureau, an independent agency formed in the wake of the 2008 financial crisis to safeguard ...
22h
Fed's Powell: No agency other than CFPB tasked with consumer protection enforcement
No U.S. regulator other than the Consumer Financial Protection Bureau is tasked with ensuring that banks abide by rules ...
1d
on MSN
Dismantling the CFPB would turn the consumer finance world into the 'wild, wild west,' its former director says
Richard Cordray, the first director of the CFPB, told BI that Elon Musk's call to dismantle the agency is a 'direct conflict ...
bankingdive
18h
CFPB’s enforcement, supervision chiefs step down
The moves come after the bureau’s new leaders issued stop-work orders – and threatened personnel action in cases of ...
20h
12:30 Report — Trump turns focus to CFPB; DOJ pushes to drop Adams charges
REPORT Good afternoon! I’m Emily Martin, filling in for Cate on this chilly Tuesday. Inside today’s edition:Trump, Musk go ...
19h
on MSN
The CFPB took aim at Big Tech. Then Elon Musk moved to dismantle it.
In the days before Musk’s DOGE set its sights on the Consumer Financial Protection Bureau, X revealed plans for a payments ...
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