The group is warning against efforts by the Trump Administration and Elon Musk to defund and disband the CFPB, which enforces consumer protection laws.
Musk and other Silicon Valley executives have long railed against the Consumer Financial Protection Bureau for its work overseeing the tech industry. Now, Musk hopes to eliminate the agency.
Republicans have had the US Consumer Financial Protection Bureau in their sights since its 2011 inception. With President Donald Trump back in the White House, they appear to be moving toward their goal of dismantling the federal watchdog,
Sens. Elizabeth Warren and Adam Schiff are alarmed about the weakening of the Consumer Financial Protection Bureau as Musk pushes a new digital payment platform.
In the days before Musk’s DOGE set its sights on the Consumer Financial Protection Bureau, X revealed plans for a payments system the agency might have overseen.
Elon Musk’s young foot soldiers at the Department of Government Efficiency (DOGE) were caught on camera for the first time as they walked into a federal agency building—part of an apparent attempt to shut it down.
Consumer Financial Protection Bureau employees — most of whom are on administrative leave — were asked in an email to list what they accomplished last week. National Treasury Employees Union Chapter 335 said workers should list all the tasks they were told not to perform.
The Consumer Financial Protection Bureau (CFPB) announced during the Biden administration a regulation to prevent medical debt from being included on credit reports. It was suppos
More moves by the Trump Administration this week under the name of saving money and improving government efficiency. Elon Musk, under the approval of President Donald Trump, took at a federal
President Trump has given yet more power to Elon Musk, who is now leading the effort to dismantle the Consumer Financial Protection Bureau. Created in response to the 2008 financial crisis, the CFPB helps enforce consumer financial laws for mortgages,
A pair of Senate Democrats demanded Department of Government Efficiency staffers associated with Elon Musk vacate the Consumer Financial Protection Bureau, saying their presence undermines an agency responsible for regulating the billionaire’s yet-to-be-released payments venture.