welcome
Reuters

Reuters

US Politics

US Politics

Trump's acting CFPB chief halts all supervision of companies

Reuters
Summary
Nutrition label

73% Informative

Russell Vought , President Donald Trump 's newly installed head of the U.S. Consumer Financial Protection Bureau , instructed staff to suspend all activities including supervision of companies overseen by the agency.

Vought also announced on Saturday evening on Elon Musk's social media platform X that he was zeroing out the agency's funding for the next fiscal quarter .

The CFPB supervises consumer-facing financial companies like banks, title lenders, mortgage originators and cash transfer services.

VR Score

81

Informative language

84

Neutral language

57

Article tone

formal

Language

English

Language complexity

78

Offensive language

possibly offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links