Russell Vought, the newly installed director of the Office of Management and Budget, directed the CFPB, in a Saturday night email confirmed by The Associated Press, to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama pushed to include it in the 2010 financial reform legislation that followed the 2007-2008 financial crisis.

The email also ordered the bureau to “cease all supervision and examination activity.”

On Sunday, administration officials also said that the CFPB’s headquarters in Washington, D.C. would be closed the week of Feb. 10 through Feb. 14, according to an email obtained by The Associated Press. No reason was given for closure.

“Employees and contractors are to work remotely unless instructed otherwise,” the email to headquarters workers said.

  • ExtremeDullard@lemmy.sdf.org
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    1 month ago

    …and the price of eggs still hasn’t gone down.

    I wonder at what point the magats will realize they’ve been had.

    • Nollij@sopuli.xyz
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      1 month ago

      It is far easier to fool someone, than to convince them they’ve been fooled.