Over the weekend, the Trump administration continued taking a buzz saw to the federal government.
After largely dismantling USAID, a $40 billion agency focused on delivering foreign aid, President Trump's sights are now set on the Consumer Financial Protection Bureau, or cfpb.
It's an agency that was created in the wake of the 2008 financial crisis.
The CFPB, it' supposed to be this kind of oversight agency over financial institutions across the country.
Bank of America, JP Morgan, and you name it.
And what they're supposed to be doing is really being a consumer advocacy agency.
They're supposed to be monitoring and supervising the financial firms for any sort of scams or anything of the like.
That's our colleague Brian Schwartz.
He says Republicans have been railing against the agency for years.
So this is clearly a big target, not just for the Trump administration, but for the banking industry at large.
And over the past few days, the agency ground to a halt.
The Trump administration has ordered the Commercial Financial Protection Bureau to stop working, effective immediately.
The Consumer Financial Protection Bureau is closing its headquarters.
This week, employees received an email from President Donald Trump's budget chief to stop all work.
There is no word of how long this is going to last outside of this idea that the offices are only supposed to be closed for this week, but I'm highly skeptical of that.
They say that it's just for this week.
Okay, great.
What happens on Friday?
We don't know.
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