Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work
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Scott Bessent appointed acting chair of CFPB
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It's funded outside of the congressional appropriations process, and its funding comes from the Fed
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In an internal email shared with NPR, staff members were instructed to immediately cease much of the bureau's work, including issuing or approving proposed or final rules or guidance, and suspending the effective dates of all final rules that have been issued but have not yet become effective
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