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Russell Vouth Office of Management and Budget, Russell Vought, is now also the incumbent director of the Consumer Financial Protection Bureau, where he instructed the employees not to issue new rules, to suspend effective data from all final rules and to stop new investigations.
VOUGHT, also a project 2025 author, was appointed incumbent director of the CFPB on Friday.
“I feel honored that President Trump described me on February 7, 2025 as deputy director of the office” RealClearpolitics. “As a deputy director, I am determined to implement the president’s guidelines in accordance with the law and to act as a loyal administrator of the office’s resources.”
He issued several instructions that all employees, contractors and other CFPB employees “do not expressly approved by the incumbent director or legally required”.
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Russell Vouht speaks during a hearing from the Senate Committee for his nomination at the Capitol Hill in Washington on Wednesday, January 22, 2025. (Jacquelyn Martin/AP)
The guidelines do not include the approval or issue of proposed or final rules or formal or informal guidelines, and thus the office exposing the effective data of all final rules that have been issued or published, but have not come into force.
VOUGHT also ordered the office “not to start, to take investigative activities in connection with enforcement measures or to do it in setting up enforcement measures”. CFPB is not allowed to open a new investigation in any way and set outstanding probes, he said.
The incumbent director said that CFPB must not issue any public communication of any kind, including research work.
Russell Vouht sworn in swearing in Washington, DC, in Washington, DC. (Kayla Bartkowski/Getty Images)
In addition, the CFPB may not approved or carry out any material agreements, including those who refer to matters or contractors and do not carry out or approved submissions or phenomena of the office in a legal dispute, except to ask for a break in the negotiation.
The office was also asked to stop all supervisory and examination activities and to stop everyone involved.
VOUGHT also sent a letter to the Federal Reserve do not request money For the third quarter of the CFPB in the 2025 financial year.
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Russell Vought testifies during the hearing of the Senate banking committee in the Senate building of Dirksen on January 22, 2025 in Washington, DC (Kayla Bartkowski/Getty Images)
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“According to the Consumer Finance Protection Act, I informed the Federal Reserve that CFPB will not take its next inappropriate financing, since it is not necessary to fulfill its duties” the current remaining amount of 711.6 billion US dollars is in the current fiscal In fact, the environment excessively.
This comes after the committed was confirmed by the Senate on Thursday to lead the office for management and budget.
Fox News Digital has contacted CFPB to get further comments.
