Employees of the Bureau of Financial Protection of the consumer were instructed to stop “all supervision and exam activities” and “all the involvement of stakeholders”, who effectively stop the activities of the agency, in an e -mail from the director of the Office of Management and Budget, Russell Vought, on Saturday on Saturday evening.
Mr. Vought, who was confirmed this week to lead the Office of Management and Budget, was appointed acting director of the Finance Bureau, the watchdog of the federal government on Friday. In his e -mail to the staff on Saturday, he confirmed earlier instructions from the previous acting director, Treasury Minister, Scott Bessent, who ordered last week that staff should not give new rules or guidance and stop all the investigations.
“As acting director, I am dedicated to implementing the president's policy, in accordance with the law and action as a loyal steward of the agency's resources,” Mr. Vought wrote in his e -mail, which was obtained by The New York Times.
The agency, founded by the congress in 2011 as a watchdog of the financial sector, cannot be closed without congress action, but the director can freeze most of his actions by stopping, weakening or withdrawing rules and its supervision to mitigate on banks and other lenders. The agency did not immediately respond to an e -mail request to comment on Saturday.
On X, Mr. Vought, an author of Project 2025, wrote the conservative blueprint for the radical again to restore the federal government that he had informed the Federal Reserve that the Finance Bureau “his next draw of non -fiters will not take financing because it is not 'reasonably necessary' to perform his duties. '(The Agency is financed directly by the Federal Reserve, outside the usual process of conference credits.)
“The current balance of the $ 711.6 billion agency is in fact excessive in the current tax environment,” he added in his position. “This spigot, which contributes for a long time to the irresponsibility of CFPB, is now being eliminated,” he said, with the help of the desk initials.
On Saturday, some members of the trade union representing the employees of the Finance Bureau protested outside the Washington building of the agency with signs that Elon Musk spotted, whose government efficiency destruction has caused destruction at various federal agencies. Several members of the team of Mr. Musk arrived at the Consumer Bureau on Friday morning and gained access to the head office and computer systems.
Later that day Mr. Musk “CFPB RIP”, with an emoji from a tombstone, on X. Hours after the message from Mr. Musk, the homepage of the Consumer Bureau website was updated with a “404: Page not found” message “.
