Key Takeaways The acting director of the Consumer Financial Protection Bureau asked employees to stop much of their work, closed the headquarters, and said he would refuse the agency's funding.Analysts said that the White House cannot close the agency without Congress' consent but could hold the CFPB back from doing much of its work.

The White House also plans to nominate Jonathan Gould as head of the OCC, and Brian Quintenz as chairman of the Commodity Futures Trading Commission.

President Trump and other critics of the agency say it needs to be shut down. Supporters of the agency point to its record of protecting consumers.