Acting CFPB Director Russell Vought Suspends Operations, Closes Washington HQ, and Directs Employees to Work from Home

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Summary

Administration Shuts Consumer Agency's Office

The order was contained in an email sent to the staff from Russell Vought, the new director of the Office of Management and Budget, on Saturday night, the New York Times reports. In addition, officials said Sunday that the agency's headquarters in Washington will be closed this week, per the AP, without specifying a reason.

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Newser

CFPB HQ Shuts Down as New Boss Freezes Enforcement

The Consumer Financial Protection Bureau’s (CFPB) new boss has put a hold on consumer protections. Workers at the financial regulator will work from home this week while their headquarters are closed down, CNBC reported Sunday (Feb. 9). That shutdown lasts through Feb. 14, the report said, the same day a judge is scheduled to hold a hearing involving Elon Musk’s Department of Government Efficiency’s (DOGE) access to Treasury Department data.

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PYMNTS.com

CFPB's Headquarters to Be Closed for Coming Week

Adam Martinez, the CFPB's chief operating officer, told all staff that employees and contractors are to work remotely unless otherwise instructed by newly installed acting director Russell Vought.

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Newsmax

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News Results

The CFPB says it's shutting down its DC headquarters and has instructed employees to work remotely

CFPB instructs employees to work remotely until further notice. It's unclear when the DC office will reopen. The CFPB is under the control of the Office of Management and Budget. The agency is responsible for overseeing the federal budget for the next two years.

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8h ago

CFPB Staffers Were Told Their HQ Will Close This Week

President Trump’s newly installed Consumer Financial Protection Bureau chief Russell Vought is closing the bureau's headquarters. Vought, the head of the Office of Management and Budget who also became the acting director of the CFPB on Friday, issued a notice to staff on Saturday demanding they “cease all supervision and examination activity”

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8h ago

CFPB Headquarters In DC Closed For Undisclosed Reasons

CFPB headquarters in DC closed for a week without explanation after leadership changes. Employees instructed to work remotely. Elon Musk’s tweet and govern…

MIDDLE

8h ago

Vought shuts down most of CFPB's functions, cuts off funding

Russell Vought, the newly named acting director of the Consumer Financial Protection Bureau (CFPB), is shutting down most of the bureau’s functions and has cut off its funding from the Federal Reserve. In a letter to bureau staff on Saturday night, Vought directed them to:1. Stop all supervision activity that has not been approved by the acting director.2. Stop approving or issuing any proposed or final rules.

MIDDLE

8h ago

Trump administration orders consumer protection agency to stop work, closes building

The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.

MIDDLE

8h ago

CFPB to Close Office After Vought Tells Staff to Halt All Supervision

The acting director is closing the financial regulator’s headquarters and has ordered staff to halt all supervisory efforts.

RIGHT

11h ago

Consumer protection agency neutralized by Trump’s new chief

Workers denounced what they say is a conflict of interest: Elon Musk’s efficiency department has access to computer systems at an agency that would likely regulate one of his pending ventures and its competitors.

MIDDLE

12h ago

Consumer Financial Protection Bureau staff told to ‘stand down’ from all work

CFPB employees were told Sunday to work remotely because their Washington, D.C., headquarters would be closed through Feb. 14, according to a memo.

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8h ago

Russell Vought, as Consumer Bureau’s Acting Director, Orders Its Headquarters Closed for a Week

Russell Vought, who now leads the Office of Management and Budget, was appointed late Friday as the consumer bureau’s acting director. Mr. Vought was an architect of Project 2025, the conservative blueprint for radically remaking the federal government. The consumer protection agency, created by Congress in 2011 as a financial industry watchdog, cannot be closed without congressional action.

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8h ago

Russell Vought takes the helm at CFPB as Musk's DOGE accesses key systems

Russell Vought, the new director of the Office of Management and Budget, is now also the acting leader of the Consumer Finance Protection Bureau. The move is the latest turn in a tumultuous week at the CFPB, where staff have been instructed to halt much of their work. The agency was instrumental in the Biden administration's work to address deceptive or predatory business practices.

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8h ago

Vought closing CFPB headquarters for a week, staff ordered to work remotely - Washington Examiner

An email sent to staff said, “Employees and contractors are to work remotely unless instructed otherwise from our Acting Director or his designee.”

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21h ago

'CFPB RIP!' Russell Vought Halts Key Bureau Activities

Russell Vought, now serving as the acting head of the Consumer Financial Protection Bureau (CFPB), issued a series of directives to employees on Saturday night. These orders effectively brought a significant portion of the bureau's operations to a halt. This move marks a significant shift in the agency's operations, freezing key functions until further notice.

MIDDLE

2d ago