The wagon closes most of CFPB functions, finances
Russell, Director of the Actor Consumer Financial Protection Bureau (CFPB) closes most of the office functions and cut finances Federal reserve.
Saturday night, directed them:
1. Stop all the control activities that have not been approved by the actor director.
2. Stop offered or final rules or official or informal guidance.
3. Stop the effective dates of all the last rules that are missed or published but not into force.
4. Stop investigative measures related to security measures, including the resolution of execution.
5. Stop opening any new investigation in any way and a probable prob.
6. Stop leaving public communication of any type, including research documents.
CFPB is funded by the Federal Reserve System, not by Congress, and put this message on it by putting this financial X Account Saturday night:
“I followed the consumer for the financial defense act, the CFPB's turn will not prevent the next draw in the next draw. The current balance of the Bureau is 711.6 million dollars in the existing financial environment. This spigot, Contributing to CFPB for a long time, now closes. “
Vaxa was named after the beginning of the White House before the beginning of the week after the Akteen Director of the Bureau Management and Budget Department.
The latest news came out of a chaotic week for the bureau.
On February 1, CFPB Director Trump since 2021, the CFPB Director Trump, then named the Treasury Secretary. Bessent workers were to order some bureau activities, including the final rules, the implementation of the settlement, or employees of employees to participate in legal affairs.
On Friday, employees of the Department of Elon Musk (DOGE) department of the CFPB building and information system. On that night, he washed the high-level workers who called the wagons as a new director.
Saturday morning cfpb account has been deleted Twitter and CFPB's 404 “Found” page “message,” the links of the page are still working.
The Bureau was the target of Trump in the first period and his anti-regulatory position was a feature of its 2024 campaign. Musk in November: “Duplicate regulators.” On Friday, when the destinous Dogin entered the CFPB building, Musk “CFPB RIP” and tombstone tweeted the emoji.
Although the Congress Democrat members have a quick closure of the functions of the Bureau, CFPB's financing structure is not falling below their domain. Although $ 823 million for 2025, it has been returned to consumers $ 20.7 billion since the founded after the financial crisis in 2011.
