The Senate confirmed Vought as director of the Office of Management and Budget on Thursday.

Summary

New CFPB acting head Russell Vought issued directives halting most bureau activities, including supervision, enforcement, and public communications.

He also suspended pending rules and declined additional funding, calling the agency’s $711.6 million balance “excessive.” Sen. Elizabeth Warren condemned the move as favoring big banks.

The CFPB, created in 2011 under the Dodd-Frank Act to protect consumers and hold corporations accountable, saw its website and social media accounts go offline after Musk’s “CFPB RIP” post.

  • Billiam
    3•4 days ago

    But if it were named Stop Scammers And Prevent Economic Crashes, could you cut funding without even morons asking what was going on?

    You’re talking about a group of people who think “diversity” means “demonizing white people so those people and (((those people))) can be in charge”.

    • @[email protected]English
      1•4 days ago

      Exactly. It’s what a 4-syllable word? If you can’t slur a word after a six pack, can’t expect people to follow along.