× Startups Business News Education Health Finance Technology Opinion Wealth Rankings Politics Leadership Sport Travels Careers Design Environment Energy Luxury Retail Lifestyle Automotives Photography International Press Release Article Entertainment
×

Consumer Watchdog HQ Temporarily Shuts Down; Stops Fighting Financial Abuse & Work from Home

February 10, 2025

By Evans Momodu
2 minute digest


The sudden closure of the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., has sparked concerns about the agency’s future.

Employees were abruptly informed on Sunday afternoon that they must work remotely from February 10 to February 14, according to an email from Adam Martinez, the CFPB’s chief operating officer. No official reason was given for the closure, and the agency has not responded to media inquiries.

The move follows controversial actions by the Department of Government Efficiency (DOGE) under Elon Musk’s oversight, which deleted the CFPB’s X (formerly Twitter) account on Friday night.

The move was allegedly directed by Russell Vought, the acting CFPB director and head of the Office of Management and Budget. According to sources, DOGE officials now have administrative access to CFPB systems, including its website and personnel directory.

On Saturday night, Vought sent an email ordering employees to stop nearly all consumer protection work, stating that supervision and examination activities must cease unless explicitly authorised.

This effectively means that the CFPB has been prevented from monitoring major financial institutions, leaving $18 trillion in consumer debt unregulated.

In response, the Treasury Department’s employee union filed two lawsuits on Sunday night against Vought and DOGE, seeking to prevent the agency’s shutdown and protect employee data.

The lawsuits are part of a growing number of legal challenges against the Trump administration’s actions to dismantle federal agencies. Several court cases have already resulted in temporary judicial blocks, particularly when dealing with data privacy and executive overreach.

The future of the CFPB remains uncertain, with ongoing legal battles testing the limits of executive power over congressionally funded agencies.
Source: CNN