Federal Financial Watchdog Ordered to Cease Activity

Federal Financial Watchdog Ordered to Cease Activity

Employees of the Consumer Financial Protection Bureau were instructed to cease “all supervision and examination activity” and “all stakeholder engagement,” effectively stopping the agency’s operations, in an email from the director of the Office of Management and Budget, Russell Vought, on Saturday evening. Mr. Vought, who was confirmed this week to lead the Office of…

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