Russ Vought was hired by the acting director of CFPB and directed the bureau not to issue new regulations and to cease all investigations

Russell Vought, director of the Office of Management and Budget Director, is now also acting director of the Consumer Financial Protection Bureau, directed employees not to issue any new rules to suspend the expiration date of all final rules and to stop any new investigations.

Vought, also a 2025 project writer, was appointed acting director of CFPB on Friday.

“I am honored that Trump has designated me as acting director on February 7, 2025,” Vought said in an email to a CFPB colleague obtained by RealClearPolitics. “As an acting director, I am committed to enforcement consistent with the law.” the presidential policy and serve as a loyal steward of the agency’s resources.”

According to RealClearPolitics, he issued several directives that must be effective immediately and all employees, contractors and other CFPB personnel must follow “unless expressly approved by the acting director or required by law.”

Russell Vought

These directives include the failure to approve or issue any proposed, final rule, formal or informal guidance, nor is it the date of the expiration of all final rule issued or published but not in effect.

Vought also ordered the bureau not to “start, engage in investigative activities related to or resolve law enforcement actions.” He said the CFPB must not start any new investigations in any way and must cease any pending investigations.

The acting director said that CFPB shall not publish any kind of public communication, including research papers.

Russell Vought swore at a Senate Banking Committee nomination hearing held at the Dickson Senate Building in Washington, D.C. on January 22, 2025. (Kayla Bartkowski/Getty Images)

In addition, the CFPB shall not approve or enforce any material agreement, including substantive agreements relating to employee affairs or contractors, and shall not submit or approve an application for filing or approving or appearing in any litigation, otherwise requesting a pause in the litigation.

The Bureau was also informed to cease all supervision and examination activities and to cease participation of all stakeholders.

Vought also wrote to the Fed, asking CFPB to not require money for the third quarter of fiscal year 2025.

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Russell testified at the Senate Banking Committee nomination hearing at the Dickson Senate Building in Washington, D.C. on January 22, 2025. (Kayla Bartkowski/Getty Images)

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Vought wrote on X: “Under the Consumer Financial Protection Act, I have informed the Fed that the CFPB will not take its next unincluded draw because it is not a “reasonably necessary” obligation.” In fact, In the current fiscal environment, the current balance is $711.6 billion.

The Senate confirmed on Thursday that Vought was to lead the Office of Management and Budget.

Fox News Digital has obtained further comments with CFPB.