CFPB offices ordered closed, staff told cannot perform work tasks
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.
Sources & Citations
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The Trump administration has stopped work at the CFPB. Here's what the agency does
· Feb 10, 2025
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Cite this entry
The Cascade Ledger. “CFPB offices ordered closed, staff told cannot perform work tasks.” The Capture Cascade Timeline, February 10, 2025. https://capturecascade.org/event/2025-02-10--cfpb-offices-ordered-closed-staff-told-cannot-perf/