Another Inexplicable Shut Down. This seems like Anarchy and a civil war can be their only goal. It Makes no sense.
(CNN) — 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.
“Effective immediately, unless expressly approved by the Acting Director or required by law, all employees, contractors and other personnel of the bureau shall…cease all supervision and examination activity,” Vought wrote in the email, a copy of which was viewed by CNN.
“This means that nobody is actually overseeing $18 trillion in consumer debt right now to make sure millions of Americans aren’t getting ripped off,” one former CFPB official who spoke on the condition of anonymity told CNN.
Vought, who leads the Office of Management and Budget, took over as CFPB acting director Friday night and officials from Elon Musk’s Department of Government Efficiency deleted the banking watchdog’s X account, a person familiar with the matter told CNN.
