Russell Vought, the newly installed acting director of the Consumer Financial Protection Bureau, has ordered a near-total halt to operations, including crucial supervision and examination activities. This move has sparked criticism from Democrats who argue it leaves consumers vulnerable to financial abuse. Vought claims the CFPB has an 'excessive' budget and that President Trump instructed him to implement his policies.
Russell Vought, the newly installed acting director of the Consumer Financial Protection Bureau, sent an email Saturday night ordering all employees at the consumer watchdog to stop virtually all work — including fighting financial abuse.
officials have been granted administrative access to CFPB systems, including content management system, back-end systems for the bureau’s website and the active directory of personnel, the source told CNN.
CONSUMER FINANCIAL PROTECTION BUREAU CFPB FINANCIAL REGULATION GOVERNMENT SHUTDOWN POLITICAL CONTROVERSY
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