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International Business Times
International Business Times
World

Trump Team Orders Work Pause At US Consumer Protection Agency

United States Russell Vought CFPB Elon Musk Consumer Financial Protection Bureau Donald Trump
Donald Trump named Russell Vought the acting director of the Consumer Financial Protection Bureau (Credit: AFP)

US President Donald Trump's administration has informed staff at the country's consumer protection agency that it is temporarily shuttering its headquarters and pausing all work, according to an email shared Monday with AFP.

The Consumer Financial Protection Bureau (CFPB) was set up in the wake of the 2008 global financial crisis and is tasked with protecting American consumers from corporate misconduct.

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