CNN —
Russell Vought, the newly installed acting director of the Consumer Financial Protection Bureau, sent an email Saturday night ordering all employees at the consumer watchdog to stop virtually all work — including fighting financial abuse.
“Effective immediately, unless expressly approved by the Acting Director or required by law, all employees, contractors and other personnel of the bureau shall…cease all supervision and examination activity,” Vought wrote in the email, a copy of which was viewed by CNN.
In practice, this means that the nation’s top consumer financial watchdog has effectively been pulled off
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