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New CFPB head Russell Vought orders agency shutdown, halting consumer protection efforts.
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.
This decision came just 36 hours after Vought took over the leadership of the CFPB.
The shutdown affects the bureau's ability to protect consumers from financial abuse and fraud.
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El nuevo director del CFPB, Russell Vought, ordena el cierre de la agencia, deteniendo los esfuerzos de protección del consumidor.