The edict comes as Russell Vought takes over at the Consumer Financial Protection Bureau. Vought has ordered work to halt at the consumer finance watchdog, and is cutting off new funding.

Musk’s team on Friday entered the headquarters of the CFPB, an agency that the billionaire Donald Trump adviser has personally targeted, according to three people familiar with their actions.

"I have notified the Federal Reserve that CFPB will not be taking its next ... of the Heritage Action for America, the sister organization of the foundation responsible for the policy blueprint ...