Scott Bessent, the acting director of Consumer Financial Protection Bureau (CFPB), ordered a halt to the bureau's work on issuing or approving rules and litigation

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Scott Bessent, the acting director of Consumer Financial Protection Bureau (CFPB), ordered a halt to the bureau's work on issuing or approving rules and litigation

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12:00am, Monday, February 3, 2025

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Bessent then halted virtually all CFPB activities, according to an email seen by Reuters, including investigations, litigation, rulemaking and public communications
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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