Consumer Financial Protection Bureau staff told to work remotely as headquarters is shuttered

Consumer Financial Protection Bureau staff told to work remotely as headquarters is shuttered


Office of Management and Budget (OMB) Acting Director Russell Vought speaks with reporters during a press briefing at the White House in Washington, U.S., March 11, 2019.
Jonathan Ernst | Reuters

Consumer Financial Protection Bureau employees were told Sunday to work remotely because their Washington, D.C., headquarters would be closed through Feb. 14, according to a memo obtained by CNBC.

The memo, from CFPB Chief Operating Officer Adam Martinez, follows an email sent Saturday from newly installed acting CFPB director Russell Vought which instructed staff to suspend nearly all activities of the regulator, including supervising financial firms.

This story is developing. Please check back for updates.



Source

Stocks making the biggest moves after hours: Visa, Seagate, Caesars Entertainment, Mondelez and more
Finance

Stocks making the biggest moves after hours: Visa, Seagate, Caesars Entertainment, Mondelez and more

Check out the companies making headlines after hours. Visa — Shares rose 1% after the payments company reported fourth-quarter results that exceeded expectations on the top and bottom lines. Visa posted adjusted quarterly earnings of $2.98 per share on revenue of $10.72 billion. Analysts polled by LSEG had expected per-share earnings of $2.97 on revenue […]

Read More
The Fed has a rate cut plus a bunch of other things on its plate this week. Here’s what to expect
Finance

The Fed has a rate cut plus a bunch of other things on its plate this week. Here’s what to expect

Key Points Markets are assigning a nearly 100% probability that the Federal Open Market Committee will approve a second consecutive quarter percentage point at its meeting this week. Beyond that, policymakers are likely to debate the future path of reductions, the challenges posed by a lack of economic data and the timetable for ending the […]

Read More
Stocks making the biggest moves midday: PayPal, Nokia, VF Corp., UPS, Wayfair & more
Finance

Stocks making the biggest moves midday: PayPal, Nokia, VF Corp., UPS, Wayfair & more

Check out the companies making the biggest moves midday: Agilysys — The hospitality software maker jumped 20% after the company posted fiscal second-quarter results above expectations. The company earned 40 cents per share, excluding certain items. Analysts polled by LSEG expected a profit of 34 cents per share. Agilysys also raised its fiscal 2026 revenue […]

Read More