Employees of the Consumer Financial Protection Office were instructed to stop “all supervision and test” and “all involvement of stakeholders”, which effectively stopped the activities of the agency from the director of the Office for Administration and Budget, Russell Voght, Saturday evening.
Mr. Vought that was confirmed this week You keep the Office for Administration and Budgetwas on Friday named the acting director Consumer Protection Authority, financial guards of the Federal Government. In their e -mail to employees on Saturdays, reaffirmed earlier instructions Since the previous reigning director of Finance, Scott Bessnt, who ordered last week so that employees should not issue any new rules or instructions and stop all investigations.
“As a reigning director, I am determined to carry out the President’s policies, in accordance with the law and to act as a faithful administrator of the Bureau resources,” wrote Vaed in -mail, acquired by The New York Times.
The agency created by Congress in 2011 as a guard dog in the financial industry cannot be closed without congress measures, but its director can freeze most of his actions by stopping, weakening or canceling the regulations and softening his supervision of banks and other creditors. The agency did not respond immediately to the e -mail request for a comment on Saturday.
On Saturday evening post on X, Mr. Vought, author of project 2025, a conservative plan for a radical remake of the federal government, wrote that he announced a federal reserve of financing because it is not “reasonably necessary” to fulfill his duties. “(The agency is directly financed by a federal reserve, outside the usual congress process.)
“The current balance of the $ 711.6 million presidency is actually excessive in the current fiscal environment,” he added his contribution. “This pin, which has long contributed to the unusualness of CFPB, is now off,” he said, using the agency’s initial.
On Saturday some members of the Union represent the Consumer Protection Office Employees protested Outside the Washington building, Elon Musk’s brands, whose efforts to make the government’s effective effects across various federal agencies have made the efforts of the government’s effect. Several members of Mr. Musk’s team arrived at the agency on Friday morning and gained access to their headquarters and computer systems.
Later, Mr. Musk published “CFPB RIP” with the tombstone, at X o’clock after the contribution of Mr. Musk, the home page of the Bureau website was updated by the message “404: page not found”.
