Employees in the Consumer Financial Protection Office received e -mail on Sunday, saying that the headquarters of the Office will be closed for the coming week. “Employees and suppliers are supposed to work remotely unless it is instructed otherwise from our reigning director or its authorized,” she said the announcement, which was reviewed by The New York Times.
RUSSELL VOUGHT, which now leads the Office for Administration and Budget, was appointed late on Friday as the reigning director of the consumer office. Mr. Vought was the architect of the 2025 project, a conservative plan for the radical transport of the Federal Government.
The agency’s registered office is followed by another order that Mr. Vought issued on Saturday and told the agency’s employees stop almost all of your workIncluding their regulatory supervision of banks and other financial companies.
Consumer protection agency created by Congress in 2011 as a guard dog cannot be concluded without a congress measure, but its director may freeze most of his actions by stopping, weakening or canceling the regulations and softening his supervision of banks and other creditors.