type: timeline_event
Russell Vought (OMB Director/Acting CFPB Director) ordered CFPB headquarters shuttered Feb 9-10, told 1,700 staff to stay home and "cannot perform any work tasks." Ordered stop to proposed rules, investigations. Plans 95% workforce reduction (1,700 to 200). August appeals court lifted injunction allowing mass layoffs. Agency returned $21B to consumers since 2011. Cannot be eliminated without Congress as created by Dodd-Frank.