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.

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.

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Consumer Financial Protection Bureau employees — most of whom are on administrative leave — were asked in an email to list what they accomplished last week. National Treasury Employees Union Chapter 335 said workers should list all the tasks they were told not to perform.

Washington | Elon Musk is on the front lines of the new US administration’s push to slash and shake up federal agencies. But arguably the commander of the operation is Russell Vought. Mr Vought, who took office as Donald Trump’s budget director last ...

The new boss at the Consumer Financial Protection Bureau had a jarring message for staffers Monday morning, in an internal memo leaked to Rolling Stone: “Stand down from performing any work task.” The message came from Russell Vought — a Project 2025 architect who was confirmed by the Senate last week to lead the Office of Management and Budget in the Trump White House.

The only way to counter this is what Vought calls “radical constitutionalism”: a sweeping unilateral assertion of power by the executive that retakes the reins of power from unelected bureaucrats. This is exactly the logic by which one might,

The Consumer Financial Protection Bureau says it's returned more than $20 billion to consumers. The world's richest man has the agency in his crosshairs.

The Consumer Financial Protection Bureau, an independent agency formed in the wake of the 2008 financial crisis to safeguard Americans against unfair business practices, is the newest target of Elon Musk and the Trump administration.