Project 2025 Architect Russell Vought takes over CFPB
Vought e -mailed top employees of the agency to inform them that he had been appointed acting director, the journal reported.
His apparent appointment comes from the Ministry of Government Efficiency (Doge) of Elon Musk and gaining “reading alone” access to all files of the agency. Musk, an ally of Vought, has promised to ‘remove’ the agency.
President Trump fired Biden-appointed Rohit Chopra a week ago and appointed Treasury Secretary Scott Bessent to take over. Bessent made a break about the investigations of the administration, making regulations and communication practices.
“I would not say that it is a stop work order, but there is certainly much less going on, and I think that many of them are just afraid of doing things more than anything else – it is, well, if I do something in trouble, however, we still have regular meetings, “an employee of the Bureau on Friday told Housingwire.
The CFPBs Union Has strongly protested the involvement of Doge at the agency.
“Certain Doge employees were added to the E -mailmap of the CFPB and were seen in the building,” said the Union in a statement on Saturday. “Employees of negotiation unit of the CFPB Union Nteu 335 are deeply concerned that despite the robust data protection protocols of the CFPB, cyber security training and powerful efforts to reduce reintention risks, such legally protected, sensitive data from companies and individuals will be exposed and used In inappropriate ways. “
The trade union also noted that it had collected a “wealth of its own information from large technical payment platforms that could be exploited by someone with a conflict of interest to put the payment industry in the corner”, and pointed to a newly announced partnership between X and Visa.
Vought, a veteran of the first Trump administration, has worked for years to dismantle the so-called administrative state.
The CFPB, often criticized by the mortgage industry, said that it has returned $ 19 billion to customers since it was founded in 2011, but is a primary target of Republicans and can possibly be displayed for the duration of the Trump government.
