Consumer Financial Protection Bureau (CFPB) employees were directed to work remotely as their Washington, D.C. headquarters closed through February 14th. This follows a directive from acting CFPB director Russell Vought to suspend nearly all regulator activities, including supervising financial firms. The move comes amid concerns about the CFPB's future after operatives from Elon Musk's DOGE gained access to agency data, including staff performance reviews. Musk previously called for the CFPB's deletion and recently halted funding flow to the agency.
Consumer Financial Protection Bureau employees were told Sunday to work remotely because their Washington, D.C., headquarters would be closed through Feb. 14, according to a memo obtained by CNBC.
Musk, who last year called for the deletion of the CFPB, on Friday posted"CFPB RIP" on his X social media platform.employees were told Sunday to work remotely because their Washington, D.C., headquarters would be closed through Feb. 14, according to a memo obtained by CNBC.
CFPB employees are bracing for the possibility of being put on administrative leave or laid off, similar to what Trump officials haveWhile there are roughly 1700 CFPB employees, only a few hundred workers have positions which are mandated by law to exist, according to a person with knowledge of the agency.
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