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.

“Bureaucracies hate the American people,” Vought told Tucker Carlson, the rightwing media personality, as he set out how a second Trump administration would overhaul and cleanse the administrative state in America.