Office of Management and Budget (OMB) Director Russ Vought is also the interim Director of the Consumer Financial Protection Bureau (CFPB). The CFPB is under review by DOGE and on Monday morning Russ Vought told CFPB staff not to come to work. {Background Here}
Vought sent an email to employees this morning saying they should “not perform any work tasks.” They were directed to contact the top lawyer for the Office of Management and Budget “to get approval in writing before performing any work task.”
Vought is also serving as the bureau’s acting director. The previous director, Rohit Chopra, was fired by Trump, a Republican, on Feb. 1. Vought’s message followed one on Saturday evening that ordered the bureau to “cease all supervision and examination activity.”
(Reuters) – President Donald Trump’s newly installed chief of the U.S. Consumer Financial Protection Bureau told all of the agency’s staff on Monday to stay away from the office and do no work, according to an email reviewed by Reuters.
The move followed a weekend decision to shutter the CFPB’s Washington headquarters, idling a federal agency of nearly 2,000 workers tasked with enforcing consumer financial laws.
“Employees should not come into the office,” acting CFPB Director Russell Vought said in an email to all staff. “Please do not perform any work tasks.”
Vought, a longtime budget hawk, took control of the agency on Friday. He is architect of the right-wing policy manifesto known as Project 2025, which called for the CFPB’s abolition.
Efforts by President Donald Trump’s administration to neutralize the agency escalated over the weekend as billionaire Elon Musk’s Department of Government Efficiency gained full access to CFPB computer systems. Vought ordered a stop to all oversight of consumer financial companies. (read more)
The Consumer Financial Protection Bureau (CPFB) was originally created by congress (Elizabeth Warren lead) as a quasi-constitutional watchdog agency to reach into the banking and financial system, under the guise of oversight, and extract money by fining entities for CFPB defined regulatory and/or compliance violations
Essentially, the CFPB is a congressionally authorized far-left extortion scheme in the banking sector. The CFPB levies fines; the fines generate income; however, unlike traditional fines that go to the U.S. treasury, the CFBP fines are then redistributed to left-wing organizations to help fund their political activism. {GO DEEP}
“Elon Musk and Russ Vought aren’t just testing the limits of the law — they’re shattering them, daring anyone to stop them,” said Leah Greenberg, co-executive director of the activist group Indivisible. “This attack on the Consumer Financial Protection Bureau is illegal, unconstitutional, and a blatant power grab by billionaires who want to rig the system even further in their favor.” (link)
Maybe they just want to know more about the Brigitte Macron story.
Vought, a longtime budget hawk, took control of the agency on Friday. He is architect of the right-wing policy manifesto known as Project 2025, which called for the CFPB’s abolition.
Not to be nit-picking but I think he only authored one chapter of project 2025.
Ask a lib which D pols authored or signed off on Agenda 2030.
And?
Budget Boss Russ Vought Tells all CFPB Staff to “Stop
WorkGrift”I am jaded enough to offer this: perhaps the banks and financial services companies that were fined by CFPB don’t even really care. For example, do we accept that Bank of America was at all penalized by a paltry $90 million fine? Did Equifax “learn” anything from their $15 million fine? Was Apple or Goldman Sachs impacted at all by their joint $89 milllion penalty?
I offer that these companies are so large, they know it’s just a game to be played. They know that the penalties are going out of CFPB to directly fund lefty causes. No one is fighting back on any of it.
Just another twist on the USAID kickbacks to the Marxism, then?
Turns out nobody actually wants to fund Marxism – they just get steamrollered into it.
Where are the usual eeyores telling us the Marxists are 50% of the country and we need to fear their power and are doomed?
Their money is blowing away like tumbleweeds in their dry political desert.
There were numerous fines much larger than the ones you state, $1B+ was not uncommon. The banks don’t like it but it is a cost of doing business as the CFPB is a regulator and can’t just be ignored. As was noted the fines don’t get handled the traditional way as the CFPB controls where the money goes, not surprisingly to left-wing NGOs such as Move On, until they were caught committing fraud).
Kill the computer system, as the home workers ignore the memos. Then chain the doors.
CFPB was essentially Obama’s career-long shakedown operation turned into an official agency of the federal government.
The cat’s now out of the bag gang.
Gateway Pundit is reporting that Ultra-Leftist Lib-tard Bastard Norm Eisen appears to be behind all of these activist judges rising up & sticking their noses where they don’t belong.
Ol’ Normie needs to have lawfare directed HIS way to give him something constructive to do like keep his Leftist hide out of Gitmo instead of trying to muck up MAGA.
Hey Normie, methinks you won’t have much longer to enjoy all of this freedom.
Russ Vought, MAGA Hero!!
More please!!
Send him a bag of Cheetos!!