India, Feb. 10 -- The employees of Consumer Financial Protection Bureau or CFPB were asked to work remotely as the consumer regulator's headquarters in Washington, D.C. would remain closed through February 14, reports said citing a memo.
The memo from CFPB Chief Operating Officer Adam Martinez comes as newly appointed acting CFPB director Russell Vought last week instructed its employees to suspend nearly all of its activities. These include supervising financial firms. Vought also announced that he was halting the flow of fresh funding to the agency.
On January 31, President Donald Trump had designated Secretary of the Treasury Scott Bessent as Acting Director of the CFPB.
Secretary Bessent then had stated that he was looking forward to...