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The Trump administration late Saturday ordered the Consumer Financial Protection Bureau, an independent government agency designed to protect consumers from corporate fraud and scams, to halt much of its work, amid an ongoing overhaul of the federal bureaucracy.
In an email to CFPB staff Saturday, Russ Vought — the newly confirmed director of the Office of Management and Budget and acting head of the CFPB — directed employees not to issue any proposed or formal rules, stop pending investigations and not open new investigations, halt all stakeholder...
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