Posted on 02/09/2025 8:21:59 AM PST by Enterprise
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 Management and Budget, was on Friday named acting director of the consumer protection bureau, the federal government’s financial industry watchdog. In his email to staff on Saturday, he reaffirmed earlier instructions from the previous acting director, Treasury Secretary Scott Bessent, who ordered last week that staff should not issue any new rules or guidance and cease all investigations.
“As acting director, I am committed to implementing the president’s policies, consistent with the law, and acting as a faithful steward of the bureau’s resources,” Mr. Vought wrote in the email, which was obtained by The New York Times.
(Excerpt) Read more at nytimes.com ...
Its not a “financial watchdog”, its Elizabeth Warren’s Star Chamber.
Squaw growling like angry brother fox today because father flying eagle dropped a load on her.
The CFPB should never have existed.
There were regulators working off of actual laws that had processes to follow. The CFPB made up everything they did, and had funding to push whatever they wanted—with ZERO oversight.
It is corrupt to its bones.
Complete
Finish off
Pocohantas’s
Baby
Answer: NOWHERE
NUKE THE CFPB (Consumer Financial Protection Bureau) NOW!!!
No nyt paywall?
The fake Indian squaw with the real Big Pharma contributions is really going to be on the warpath now.
It’s Dead Jim
The CFPB should never have existed.
It is corrupt to its bones.
True
Is it’s site still there , gone or just shut down ?
Hopefully shut down forever.
Just wait until Warren sobers up and finds out ,LOL
“That was bad enough. But under the leadership of Barack Obama appointee Richard Cordray, the bureau decided that being “above politics” also meant that it could be “above the law.”
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Thus it was, for example, that the CFPB set out to regulate automobile dealerships, even though it was explicitly prohibited — in statute — from doing so.
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And that it started engaging in “regulation by enforcement”: Filing lawsuits against financial service providers for past practices as a means of announcing that something that had been permissible would be illegal going forward.
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And its participation in various manifestations of Operation Chokepoint, whereby banks were discouraged from providing services to entirely legal businesses — pawn shops and gun manufacturers, for example — because Democrats simply didn’t like them.”
—— Mike Mulvaney, NY Post
Waiting for ANOTHER CORRUPT JUDGE TO STOP VOUGHT!!
Shouldn’t be long now. Lieawatha is probably sending smoke signals as we speak.
She is on the WARPATH!
The law is what the left says it is. And they operate by Catch-22. We can do anything we want if you can’t stop us.
You are redundant - DOGE has got it.
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