Russell remains, director of The Conser Conser Cuteculation Protection Bureau (Cfpb), closing the bureau radiation and delete its money from Federal Reserve.
In a letter to the bureau workers on Saturday night, it is restored:
1. Stop all guard activities unauthorized by the holding director.
2. Stop approval or discharge any proposed rules or maintenance or formal or informal guidelines.
3. Stop working days for all last final rules issued or published but has not come into effect.
4. Stop the process of investigation related to enforcing acts of enforcement, including payment for enforcing actions.
5. Stop opening any new investigation in any way and any of the exams waiting.
6. Stop taking public contact for any kind, including researching paper.
CFPB is supported by the Federal Reserve program, not Congress, and the revision of the money, sending this message to his own X Account on Saturday night:
“The remediation for the Consumer Federal Protection Act, I have informed the Federal Reserve in the CFPB will not have the following financial income because it is not required to perform its functions. Delivering a long time for CFPB, now has been deleted. “
Zeight was named by the Bureau Director on Friday night after a weekly verification to lead a white house Budget Management Office.
The latest news kicks the Church of Bureau.
On February 1 Trump President shot Rohit Cholho, the CFPB Director from 2021, and was arrested by Financial Secretary Scott Bessent a stable new Director in a few days later. Besesent’s first action was that orders ordered to establish further bureau activities, including the issuance of final laws, the act of compulsion, or participation in official case.
On Friday, staff members of the government Elon Musk Elon Musk (DOG) received CFPB access and data plan. Later that night, he was renewed by high official workers and named after the new director of the new bureau.
On Saturday morning, CFPB account has been removed Sane And CFPB homepage leads to a page 404 “is not available” Message, although the links of the page still apply.
The Bureau was a stone stone during his first name, and his condition against the control of his 2024 campaign was. November, Musk captured Tweet: “Remove CFPB. There are many repeated control facilities.”
Although the Demongation Members in Congress protested the speed of bureau, the CFPB funds are not falling under their background. While the 2025 CFPB budget is $ 823 million, we have returned $ 20.7 billion to consumers since the establishment of 2011 after the financial crisis.
More about this topic:
The timeline of this experience in CFPB under Trump
Renewal list of all Trump deals that affect houses
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