Reported 1 day ago
Russell Vought, the new acting director of the Consumer Financial Protection Bureau (CFPB), has ordered staff to cease nearly all operations, including oversight of financial institutions amid concerns over consumer protection. The directive halts supervision over approximately $18 trillion in consumer debt, raising alarm over a lack of oversight as CFPB moves to implement President Trump's policies. Former officials and House Democrats criticize the decision, calling it potentially illegal and harmful to consumer interests.
Source: YAHOO