DeFi Daily News
Wednesday, July 23, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Markets Stock Market

rewrite this title Consumer Financial Protection Bureau staff told to work remotely as headquarters is shuttered

Hugh Son by Hugh Son
February 9, 2025
in Stock Market
0 0
0
rewrite this title Consumer Financial Protection Bureau staff told to work remotely as headquarters is shuttered
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Office of Management and Budget (OMB) Acting Director Russell Vought speaks with reporters during a press briefing at the White House in Washington, U.S., March 11, 2019.

Jonathan Ernst | Reuters

Consumer Financial Protection Bureau employees were told Sunday to work remotely because their Washington, D.C., headquarters would be closed through Feb. 14, according to a memo obtained by CNBC.

The memo, from CFPB Chief Operating Officer Adam Martinez, follows an email sent Saturday from newly-installed acting CFPB director Russell Vought which instructed staff to suspend nearly all activities of the regulator, including supervising financial firms.

The developments come amid concern about the fate of the CFPB and its staff after operatives from Elon Musk’s DOGE arrived at the regulator late last week. The DOGE employees have been given access to CFPB data sources, including staff performance reviews, said people with knowledge of the situation who have asked for anonymity out of fear of reprisal.

Musk, who last year called for the deletion of the CFPB, on Friday posted “CFPB RIP” on his X social media platform.

Besides putting a freeze on nearly all CFPB activity with his inaugural memo, Vought on Saturday posted on X that he was halting the flow of fresh funding to the agency. “This spigot, long contributing to CFPB’s unaccountability, is now being turned off,” Vought wrote.

Vought, who was confirmed as President Donald Trump’s head of the Office of Management and Budget on Thursday, is one of the authors of Project 2025, the master plan to reshape the federal government.

The CFPB and a representative for Musk didn’t immediately return requests for comment.

Layoff fears

CFPB employees are bracing for the possibility of being put on administrative leave or laid off, similar to what Trump officials have attempted with the U.S. Agency for International Development, according to people at the bureau.

While there are roughly 1,700 CFPB employees, only a few hundred workers have positions which are mandated by law to exist, according to a person with knowledge of the agency.

Mass layoffs would jeopardize the mission of the CFPB, created in the aftermath of the 2008 financial crisis to prevent banks and other financial firms from exploiting Americans. Bank trade groups have long accused the CFPB of being unfair and have fought the agency’s rules in court, even unsuccessfully attempting to declare the agency unconstitutional.

At risk are several CFPB efforts that would’ve saved consumers tens of billions of dollars, including restrictions on credit card and overdraft fees, and a rule that would’ve removed $49 billion in medical bills from the credit reports of 15 million Americans.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BureauconsumerfinancialheadquartersprotectionremotelyrewriteshutteredStafftitletoldWork
ShareTweetShare
Previous Post

Employers remain ‘very cautious, very conservative’ about hiring

Next Post

HIDDEN TRUTH Behind Zuckerberg’s Shift To The Good Side 👀 (Revealed By Mr. X)

Next Post
HIDDEN TRUTH Behind Zuckerberg’s Shift To The Good Side 👀 (Revealed By Mr. X)

HIDDEN TRUTH Behind Zuckerberg’s Shift To The Good Side 👀 (Revealed By Mr. X)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
They’re Going ALL IN on Crypto: This is What Wall St is Buying!

They’re Going ALL IN on Crypto: This is What Wall St is Buying!

June 25, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
rewrite this title Ethereum Continues Losing Ground To Bitcoin With ETH/BTC Ratio at Multi-Year Lows | Bitcoinist.com

rewrite this title Ethereum Continues Losing Ground To Bitcoin With ETH/BTC Ratio at Multi-Year Lows | Bitcoinist.com

October 26, 2024
rewrite this title 4 Secrets from Chefs for Better Cruise Dining – NerdWallet

rewrite this title 4 Secrets from Chefs for Better Cruise Dining – NerdWallet

November 15, 2024
rewrite this title and make it good for SEOEuropean Wax Center Justifies An Upgrade (NASDAQ:EWCZ)

rewrite this title and make it good for SEOEuropean Wax Center Justifies An Upgrade (NASDAQ:EWCZ)

July 23, 2025
rewrite this title ‘Stick’ Creator Jason Keller Talks “Natural” Introduction Of Clark Ross, Facing The Past And Season 2 Hopes For Apple TV+ Show

rewrite this title ‘Stick’ Creator Jason Keller Talks “Natural” Introduction Of Clark Ross, Facing The Past And Season 2 Hopes For Apple TV+ Show

July 23, 2025
rewrite this title Court Error Seals 0K Crypto Scam Tied to Trump, MoonPay

rewrite this title Court Error Seals $250K Crypto Scam Tied to Trump, MoonPay

July 23, 2025
rewrite this title Forget smart light bulbs! These smart light switches are a measly

rewrite this title Forget smart light bulbs! These smart light switches are a measly $12

July 23, 2025
rewrite this title Arthur Hayes bets on k Ethereum and CryptoPunks as new status symbols

rewrite this title Arthur Hayes bets on $10k Ethereum and CryptoPunks as new status symbols

July 23, 2025
rewrite this title Health In Tech, Inc. (HIT) Q2 2025 Earnings Call Transcript

rewrite this title Health In Tech, Inc. (HIT) Q2 2025 Earnings Call Transcript

July 23, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.