Russell vote announced Saturday, Donald Trump’s US consumer, the newly installed head of the Financial Protection Bureau, announced on Saturday that it had cut the agency’s budget and allegedly instructed the staff to be under the supervision of the agency. Suspend all activities, including surveillance.
Reuters and NBC News have reported that Wayt has written a memo to the employees stating that they have played the role of the acting head of the agency, an independent watchdog, based on the Federal Reserve in 2011. As an arm, the financial sector was laid to promote justice.
View UT, which was confirmed last week on the party line vote to lead the office management and budget, announced on Saturday evening on Elon Musk’s social media platform X that he was for the next financial quarter. FPB funds are zero, and added that it has been said. More than 700m cash on hand was sufficient.
In his Saturday’s memoir, the vote ordered the staff to “eliminate all surveillance and examination activity”, which is taking a step forward compared to the direction issued last week by the Treasury Secretary, Scott Basant, Which Trump was briefly charged with shooting at Rohit Chopra.
The CFPB, which Congress created in the context of the 2008 financial crash, oversees consumers’ financial companies such as banks, title lenders, mortgages and cash transfer services so that Prevent fair, deception and abuse methods and other predators.
The vote order leaves most of the business activity without the supervision of the federal government.
Lighting advances are underway by Trump and billionaire Elon Musk at the weekend, which has resumed the federal government to protest against agency workers on Saturday morning and condemned by the top Democratic lawmakers on Capital Hill. –
Kasturi, whose platform is trying to enter X consumer’s financial market, in the past he has said he will do “Delete“Agency responsible for the protection of consumer. According to a person with information about the matter, representatives of their “department’s performance” have been accessed to all the agency’s IT system. Union officials said on Friday that the Musk was trying to control its regulator effectively.
In a statement, the head of the better markets, Dennis Keller, who advocated for the monitoring of the financial sector government, accused Trump of “throwing his voters on financial wolves.”
“This latest attempt to kill the user bureau is another slap for all Americans who rely on basic financial products and services, but especially for those in the coalition of the American multi -ethnic labor class Chose Trump. ” Said
