The acting director is closing the financial regulator’s headquarters and has ordered staff to halt all supervisory efforts.

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.

President Donald Trump’s administration has shuttered the headquarters of the Consumer Financial Protection Bureau (CFPB) and ordered the watchdog agency to stop nearly all of its work. On Saturday, CFPB chief Russell Vought sent the directive to the agency’s staff,

Trump’s DOGE, an advisory body led by Musk, has zeroed in on some agencies as part of its efforts to slash the size of government. The CFPB was the latest to come into Musk’s crosshairs following DOGE’s efforts to fire staff members and stop work at the U.S. Agency for International Development.

A union representing employees across dozens of federal agencies filed two lawsuits on Sunday against the acting director of the Consumer Financial Protection Bureau.