The acting director is closing the financial regulator’s headquarters and has ordered staff to halt all supervisory efforts.

The Consumer Financial Protection Bureau–an agency that oversees financial regulations in the U.S. States–has come to a standstill under the leadership of its new acting head, Russell Vought. Vought issued a series of directives Saturday,

The Trump administration has ordered the agency, created by Congress and funded by the Federal Reserve, to halt most activity and close its headquarters.

The new boss at the Consumer Financial Protection Bureau had a jarring message for staffers Monday morning, in an internal memo leaked to Rolling Stone: “Stand down from performing any work task.” The message came from Russell Vought — a Project 2025 architect who was confirmed by the Senate last week to lead the Office of Management and Budget in the Trump White House.

Since the acting director of the Consumer Financial Protection Bureau issued stop-work orders, employees have been trying to decipher exactly what they mean.

The Consumer Financial Protection ... and now Russell Vought, director of the Office of Budget and Management — took swift steps to halt operations at the bureau, including closing its ...

Top officials at the CFPB said Tuesday they had resigned. However, the White House said they had instead been placed on administrative leave.

The CFPB has been rendered all but inoperative, as OMB Director Russell Vought ordered its employees to stop working on Sunday.

The salvo came hours after Russell Vought, the White House budget chief appointed acting CFPB director by President Trump, halted more of the bureau's operations.

The Consumer Financial Protection ... but over the weekend Russell Vought, the newly installed director of the Office of Management and Budget, directed the bureau to stop working.