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 midday: Amazon, Alibaba, Merck, Five Below, Nike and more
Finance

Stocks making the biggest moves midday: Amazon, Alibaba, Merck, Five Below, Nike and more

Check out the companies making headlines in midday trading: Drugmakers — Pharmaceutical stocks bounced back from earlier losses after an executive order aimed at bringing down drug prices was deemed not as bad as feared for the industry. Merck jumped 5%, while Pfizer , Bristol-Myers Squibb and Eli Lilly all rose more than 2%. However, […]

Read More
Stocks making the biggest moves premarket: Nvidia, Best Buy, Eli Lilly, Tesla, Amazon and more
Finance

Stocks making the biggest moves premarket: Nvidia, Best Buy, Eli Lilly, Tesla, Amazon and more

Check out the companies making headlines before the bell. Big Tech stocks – Shares of megacap technology companies surged after the U.S. and China agreed to temporarily cut tariffs , bringing the U.S. tariff rate on Chinese imports down to 30% and China’s duties on U.S. imports to 10%. Tesla , which has seen declining […]

Read More
Bitcoin back above 0,000: Financial planning icon Ric Edelman reacts to the crypto ETF boom
Finance

Bitcoin back above $100,000: Financial planning icon Ric Edelman reacts to the crypto ETF boom

ETF Edge Bitcoin back above $100,000: Financial planning icon Ric Edelman reacts to the crypto ETF boom Published Sat, May 10 202511:00 AM EDT Krysta Escobar WATCH LIVE Source

Read More