Russell Vought gutted the Consumer Financial Protection Bureau (CFPB) on Saturday, one day after President Donald Trump tapped him to serve as the agency’s acting director.
The Senate confirmed Vought to serve as the next head of the Office of Management and Budget on Thursday night before he was tapped to also lead CFPB on Friday. One of Vought’s first acts at the CFPB was to issue a broad freeze of operations, including on new rules, guidance, investigations, and stakeholder communication.
News: In Saturday night email obtained by RealClearPolitics, acting CFPB Director Russ Vought directs Consumer Financial Protection Bureau staff to issue no new rules, suspend effective dates of all final rules, and cease any new investigations: pic.twitter.com/TIeSjr0mMq
— Philip Melanchthon Wegmann (@PhilipWegmann) February 9, 2025
The Department of Government Efficiency, a team led by Elon…
