The agency had been one of Wall Street’s most feared regulators, with the power to issue rules on mortgages, credit cards, student loans and other areas affecting Americans’ financial lives.

A union filed two lawsuits against the Consumer Financial Protection Bureau's Acting Director Russell Vought on Sunday after Vought issued a series of directives halting much of the bureau's activity.

Feb. 9 The National Treasury Employees Union, which represents CFPB employees, sued Vought, asking a judge to stop him from halting the bureau’s work and alleging he granted staffers from Musk’s Department of Government Efficiency access to CFPB’s internal communications systems, NBC reported.