Treasury Secretary orders Consumer Financial Protection Bureau to halt work

Politruk

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Total freeze.

Scott Bessent, who was confirmed as Treasury secretary last week, has been named acting director of the Consumer Financial Protection Bureau. Bessent replaces Rohit Chopra, who was fired on Saturday.

In an internal email shared with NPR, staff members were instructed to immediately cease much of the bureau's work, "unless expressly approved by the Acting Director or required by law". That includes a halt on issuing or approving proposed or final rules or guidance, and suspending the effective dates of all final rules that have been issued but have not yet become effective.

Staff members were also instructed not to commence or settle enforcement actions, nor to issue any public communications of any type, including research papers. The directive was made "n order to promote consistency with the goals of the Administration," the email said.
 
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The directive was made "n order to promote consistency with the goals of the Administration," the email said.
Implying that the Administration is hostile to protection of financial-service consumers.
 
Implying that the Administration is hostile to protection of financial-service consumers.

It actually implies that like most government agencies it was total bullshit at best doing nothing but sucking up funding and at worst doing the exact opposite of what it was supposed to be doing.
 
I always have the facts on my side. You never do -- all you can do is scream and deny them and substitute flaming idiocy.
He can no longer organize his thoughts into a coherent paragraph. The increasing number of ALL CAPS SENTENCES indicates his increasing reliance of histrionics (or "Full Choad Mode", if you prefer).

He's sunsetting....at age 45.
 
vindictive trump has been keen to get rid of this agency as a retaliatory attack on Elizabeth Warren... the agency was responsible for cramping the style of some of his buds

Two top officials at the Consumer Financial Protection Bureau stepped down Tuesday, saying they could no longer carry out their roles in light of the Trump administration’s order to cease all work at the agency.

Assistant Director for the Office of Enforcement Eric Halperin and Assistant Director for Supervision Policy Lorelei Salas each sent emails to their teams notifying them of their resignations.

“As you know we have been ordered to cease all work,” Halperin wrote to his staff in an email Tuesday reviewed by POLITICO. “I don’t believe in these conditions I can effectively serve in my role, which is protecting American consumers. Today I made the difficult decision to resign effective today,” he added.

“I know you are concerned about your futures, the future of the bureau, and more importantly, the impact these sweeping changes will have on everyday consumers, on all of us,” Salas wrote in the memo to supervision staff reviewed by POLITICO.
https://www.politico.com/news/2025/02/11/cfpb-officials-resign-00203543
 
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