The agency is at a virtual standstill after Musk's Department of Government Efficiency and Russell Vought, the leader of the White House budget office and now acting director of the CFPB, took control.
Republicans have long wanted to kill the CFPB. With Musk and Russell Vought, they may finally have their chance.
The Consumer Financial Protection Bureau staff has been told to “stand down” from all work by Russell Vought, Donald Trump appointee and the director of the United States Office of Management and Budget.
Democratic lawmakers rallied against President Trump and Consumer Financial Protection Bureau chief Russell Vought, who closed the bureau’s headquarters and ordered staff to halt all of their supervisory efforts.
Four young staffers working under Elon Musk gained access to highly sensitive personal data held by a consumer protection agency before shutting it down.White House budget director Russell Vought ordered wider access to Consumer Financial Protection Bureau materials by staffers working for the
The moves were spearheaded by powerful Trump ally Elon Musk, a CFPB critic, and Russell Vought, who heads the White House’s Office of Management and Budget. The events put the future of the CFPB in doubt.