Watch live: Vought testifies before House on CFPB
Summary
Russ Vought, the Director of the Office of Management and Budget, will speak to the House Financial Services Committee about the Consumer Finance Protection Bureau's recent report. Since leading the CFPB, Vought has limited its activities by freezing funds and restricting investigations.Key Facts
- Russ Vought is the Director of the Office of Management and Budget (OMB).
- He will testify before the House Financial Services Committee.
- The testimony concerns the Consumer Finance Protection Bureau’s (CFPB) semi-annual report.
- Vought became head of the CFPB recently.
- He has frozen the bureau’s funding.
- He has blocked CFPB employees from conducting investigations.
- These actions affect how the CFPB operates and enforces consumer protection.
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