CFPB to Close Office After Vought Tells Staff to Halt All Supervision - WSJ
1. CFPB's new head halted all supervisory activities and closed headquarters. 2. Vought's actions target financial regulators, impacting major banks like JPM. 3. CFPB's operations are being restricted under a Republican push. 4. Musk's involvement suggests increased scrutiny on financial institutions. 5. Democrats oppose the shutdown, indicating a potential political showdown.