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flag New CFPB head Russell Vought orders agency shutdown, halting consumer protection efforts.

flag In a sudden move, Russell Vought, the acting head of the Consumer Financial Protection Bureau (CFPB), ordered the agency to cease operations and closed the headquarters for a week. flag This decision came just 36 hours after Vought took over the leadership of the CFPB. flag The shutdown affects the bureau's ability to protect consumers from financial abuse and fraud.

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