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.

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,

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.