President Trump’s newly appointed Consumer Financial Protection Bureau chief has ordered the closure of the agency’s headquarters and directed staff to halt all supervisory activities. Chief Russell Vought instructed CFPB employees to cease all supervision and examination activity. The bureau's headquarters will be closed from February 10th through the 14th, with employees working remotely. Elon Musk, who oversees the Department of Government Efficiency, signaled support by posting “CFPB RIP” on X.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Trump's newly appointed Consumer Financial Protection Bureau chief has ordered
00:06the closure of the agency's headquarters and directed staff to halt all activities.
00:11Chief Russell Vought instructed CFPB employees to cease all
00:15supervision and examination activity.
00:17Bureau's headquarters will be closed from February 10th through the 14th,
00:21with employees working remotely.
00:23Elon Musk, who oversees the Department of Government Efficiency,
00:26signaled support by posting CFPB RIP on X.
00:30For all things money, visit Benzinga.com slash GSTV.