new-acting-cfpb-chief-halts-investigations-and-enforcements,-forgoes-some-federal-funding

New Acting CFPB Chief Halts Investigations and Enforcements, Forgoes Some Federal Funding

Key Takeaways Russell Vought took over as CFPB’s acting chief last week Issuing a dozen directives Saturday, Vought asked CFPB staff to pause investigations and enforcement activities. He announced forgoing accept some federal funding the CFPB was scheduled to draw, citing excess funding. The Consumer Financial Protection Bureau (CFPB), a consumer watchdog, has begun losing