And just like that, the Consumer Financial Protection Bureau's website goes poof? I can't tell if that 404 Error message is the result of content being deleted, or the current administration just being cheeky about it.
The NYT reports that CFPB employees 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.
The agency, created by Congress in 2011 as a financial industry watchdog, cannot be closed without congressional action, but its director can freeze most of its actions by halting enforcement, weakening or repealing regulations and softening its supervision of banks and other lenders. The agency did not immediately respond to an emailed request for comment on Saturday.