Staff on the Shopper Monetary Safety Bureau acquired an e mail on Sunday saying the bureau’s headquarters could be closed for the approaching week.
“Staff and contractors are to work remotely except instructed in any other case from our Performing Director or his designee,” mentioned the discover, a replica of which was reviewed by The New York Instances.
Russell Vought, who now leads the Workplace of Administration and Funds, was appointed late Friday as the patron bureau’s performing director. Mr. Vought was an architect of Undertaking 2025, the conservative blueprint for radically remaking the federal authorities.
The order to shutter the company’s headquarters follows one other order that Mr. Vought issued Saturday, telling company workers to halt almost all their work, together with their regulatory supervision of banks and different monetary corporations.
The patron safety company, created by Congress in 2011 as a monetary business watchdog, can’t be closed with out congressional motion, however its director can freeze most of its actions by halting enforcement, weakening or repealing rules and softening its supervision of banks and different lenders.