Office of Management and Budget Director Russell Vought issued a series of directives to Consumer Financial Protection Bureau employees Saturday night in his new capacity a the bureau's acting head, effectively slowing a large portion of the bureau's activity to a standstill.

Russell Vought took over as acting director of the Consumer Financial Protection Bureau on Friday night and officials from Elon Musk’s Department of Government Efficiency deleted the banking watchdog’s X account,

Russell Vought, who was confirmed by the Senate as the head of the Office of Management and Budget on Thursday, took over control of the Consumer Financial Protection Bureau on Friday night, the Wall Street Journal reported,

Vought was an architect of Project 2025. He takes over at the consumer finance watchdog as he orders a pause in most of the agency's activities, and promises to cut spending.

Office of Management and Budget Director Russell Vought has taken on the role of acting head of the Consumer Financial Protection Bureau, according to an OMB spokesperson and a source familiar with the situation.

President Donald Trump's newly installed management and budget director Russell Vought took control of the U.S. Consumer Financial Protection Bureau on Friday, according to the White House Office of Management and Budget.