Close Menu
Karachi Chronicle
  • Home
  • AI
  • Business
  • Entertainment
  • Fashion
  • Politics
  • Sports
  • Tech
  • World

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Who will make outwardly film academy president Janet Yang successful?

Goldberg’s “Turbulent” Week: WWE Resignation Leadup vs. Gunther is hampered by tragedy, injury

Israel has Iron Dome, Arrow, Tard and Russia, while the US has a Golden Dome… But what is the Indian plan? The Deputy Chief of the Army makes a big statement

Facebook X (Twitter) Instagram
  • Home
  • About us
  • Advertise
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram Pinterest Vimeo
Karachi Chronicle
  • Home
  • AI
  • Business
  • Entertainment
  • Fashion
  • Politics
  • Sports
  • Tech
  • World
Karachi Chronicle
You are at:Home » Staff ordered to quit their job once Russell Voat took over
Business

Staff ordered to quit their job once Russell Voat took over

Adnan MaharBy Adnan MaharFebruary 10, 2025No Comments4 Mins Read0 Views
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email


Top Line

Russell Vought, acting director of the Consumer Financial Protection Agency, told agency employees on Monday that they would not get a job or not do their job. He said this is a tragic sign of a bureau targeted by President Donald Trump, including Mark Zuckerberg and Elon Musk, and tech billionaires.

Russell Vote testifies at a nomination hearing of the Senate Banking Committee in Darksen …(+) Senate building in Washington, DC on January 22nd.

Getty Images

Timeline

February 10thVought told email employees “don’t enter the office” or “do the work tasks,” according to multiple reports.

February 9thThe National Treasury employee union representing CFPB employees sued Vought, claiming that it had stopped the department’s work to judges and granted staff on government efficiency access to CFPB’s internal communications system .

February 8thVought, who heads the Office of Business and Budget, said it has notified the Federal Reserve that the CFPB will not receive the next federal fund withdrawal. Multiple reports.

February 8thCFPB’s X account @CFPB appeared to be offline, but the agency’s website also shows 404 errors.

February 7thVought, the architect of the conservative Project 2025 Agenda, took over the CFPB as Trump and Doge tried to gush the station.

February 7thMusk’s Doge staff reportedly accessed the CFPB building and the computer system of the station. The CFPB Union denounced it as “a clear attempt to attack union workers and attack Defang, the only institution that checks for payment provider greed.”

February 3rdTreasury Secretary Scott Bescent briefly served as acting CFPB director before taking over Vought, and emailed the department’s staff to halt all regulatory duties and “any type of public communication.” , according to multiple reports.

Important Quotes

“CFPB RIP🪦,” Musk posted on X on Friday afternoon.

Chief critic

“Vought gives big banks and giant companies a green light to scam families,” says D-Mass, who originally conceived CFPB. Senator Elizabeth Warren tweeted Saturday night in response to reports that employees ordered them to stop all jobs. “The Consumer Financial Protection Agency has returned more than $21 billion to families who were fooled by Wall Street. Republicans didn’t guil it in Congress or in court. They’ll fail again.”

What did Elon Musk say about CFPB?

Elon Musk, the world’s wealthiest person, has attacked the CFPB and joined the chorus of technology and finance, arguing that its agents are taking a pushy approach to regulations. Musk, who has advised Trump on how to reduce the size of the federal government, said in November that he would like to remove the CFPB. Large tech companies and others who offer digital fund transfer and payment wallet apps. Musk is working on launching an online payment system known as X Money, and is set to debut later this year, with CFPB potentially becoming one of X’s regulators. X recently signed a contract with Visa to support digital wallets.

What did Marc Andreessen and Mark Zuckerberg say about the CFPB?

Billionaires Marc Andreessen and Mark Zuckerberg were also attacked by agents. This threatened to sue Meta last year over allegations of improper use of financial data in its advertising business. In an interview with the podcast, Zuckerberg told Joe Rogan that he “found a theory he wanted to investigate,” the CFPB, questioning whether there is a “quiet consensus” among regulators that want to punish the tech industry. Advising some members of the Trump administration, Andreessen also claimed that he “terrorizes anyone trying to do something new in financial services.”

What did Republicans say about the CFPB?

Republicans tried to refund the CFPB and praised Chopra for his firing. R-Ark. French MP Hill said in a statement that Bessent was “finally restrained by this inexplainable institution by placing the CFPB under the expenditure process, turning it into a bipartisan committee and providing appropriate statutory guardrails.” I vowed on Monday. The CFPB receives funds directly from the Federal Reserve, rather than the Congressional expenditure process designed to maintain its fairness.

Important background

The CFPB was established in 2011 in the aftermath of the 2008 financial crisis, by the Dodd Frank Wall Street Reform and Consumer Protection Act. Trump previously tried to limit CFPB powers during his first term, former lawmaker Mick Mulbany, Rs.C. was appointed acting director. Mulvaney has since sent the CFPB budget request to the Federal Reserve for $0, ordered a job freeze and halted new enforcement actions, according to the New York Times. Former President Joe Biden then hired Chopra to cancel his obedience behavior, and the agency under Chopra’s direction will limit overdraft fees, credit card deferral fees and remove medical debt from credit reports. Chopra took the lead, and repeatedly clashed with the big bank.

Read more

Elon Musk Homes in New Government Target: Consumer Financial Protection Bureau (Forbes)



Source link

Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
Previous ArticleFrench President Emmanuel Macron welcomes “Indian Friends” at the Digi-style Paris AI Summit: “Bhaarat K Logon…”
Next Article How Trump can unlock new strategic economic opportunities in Central Asia
Adnan Mahar
  • Website

Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

Related Posts

New Trends in Personal Finance: Revenge Saving

July 1, 2025

India’s pharmasect is ranked third in the world and leads in affordable drugs

May 18, 2025

Casting Director Frees Hindi Cinemas from Stock Characters: Shabana Azmi | Hindi Movie News

February 18, 2025
Leave A Reply Cancel Reply

Top Posts

20 Most Anticipated Sex Movies of 2025

January 22, 2025157 Views

President Trump’s SEC nominee Paul Atkins marries multi-billion dollar roof fortune

December 14, 2024104 Views

Alice Munro’s Passive Voice | New Yorker

December 23, 202467 Views

How to tell the difference between fake and genuine Adidas Sambas

December 26, 202451 Views
Don't Miss
AI June 1, 2025

Dig into Google Deepmind CEO “Shout Out” Chip Engineers and Openai CEO Sam Altman, Sundar Pichai responds with emojis

Demis Hassabis, CEO of Google Deepmind, has expanded public approval to its chip engineers, highlighting…

Google, Nvidia invests in AI startup Safe Superintelligence, co-founder of Openai Ilya Sutskever

This $30 billion AI startup can be very strange by a man who said that neural networks may already be aware of it

As Deepseek and ChatGpt Surge, is Delhi behind?

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to Karachi Chronicle, your go-to source for the latest and most insightful updates across a range of topics that matter most in today’s fast-paced world. We are dedicated to delivering timely, accurate, and engaging content that covers a variety of subjects including Sports, Politics, World Affairs, Entertainment, and the ever-evolving field of Artificial Intelligence.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Who will make outwardly film academy president Janet Yang successful?

Goldberg’s “Turbulent” Week: WWE Resignation Leadup vs. Gunther is hampered by tragedy, injury

Israel has Iron Dome, Arrow, Tard and Russia, while the US has a Golden Dome… But what is the Indian plan? The Deputy Chief of the Army makes a big statement

Most Popular

ATUA AI (TUA) develops cutting-edge AI infrastructure to optimize distributed operations

October 11, 20020 Views

10 things you should never say to an AI chatbot

November 10, 20040 Views

Character.AI faces lawsuit over child safety concerns

December 12, 20050 Views
© 2025 karachichronicle. Designed by karachichronicle.
  • Home
  • About us
  • Advertise
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.