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

=======================================================================
Federal News Network Breaking News - February 09, 2025

=======================================================================

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

WASHINGTON (AP) - The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. 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.
https://link.federalnewsnetwork.com/click/38538665.93051/aHR0cHM6Ly9mZWRlcmFsbmV3c25ldHdvcmsuY29tL21hbmFnZW1lbnQvMjAyNS8wMi90cnVtcC1vZmZpY2lhbC1vcmRlcnMtY29uc3VtZXItcHJvdGVjdGlvbi1hZ2VuY3ktdG8tc3RvcC13b3JrLw/5e0befac44d51f198c739bdfDcba006c6 (copy and paste link in browser)

-------------------------------------------------------------------------------------

** FederalNewsNetwork.com Homepage

https://link.federalnewsnetwork.com/click/38538665.93051/aHR0cDovL2ZlZGVyYWxuZXdzbmV0d29yay5jb20v/5e0befac44d51f198c739bdfC033c58e8 (copy and paste link in browser)
-------------------------------------------------------------------------------------

Federal News Network
5425 Wisconsin Ave
Chevy Chase, MD 20815


Privacy Statement: https://link.federalnewsnetwork.com/click/38538665.93051/aHR0cDovL2NvcnBvcmF0ZS5odWJiYXJkcmFkaW8uY29tL3ByaXZhY3ktcG9saWN5Lw/5e0befac44d51f198c739bdfC39940195


If you believe this has been sent to you in error, please click to safely unsubscribe.

If you believe this has been sent to you in error, please click <https://link.federalnewsnetwork.com/oc/5e0befac44d51f198c739bdfmy0mh.1zsr/1c6eb14c> to safely unsubscribe.