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.
The Massachusetts senator invited the tech billionaire to testify at an informal hearing focusing on the Consumer Financial Protection Bureau next week, as the Trump adviser pledges to destroy the agency she helped create.
Sen. Elizabeth Warren (D-Massachusetts) has invited Elon Musk to a hearing on his plans to tank the Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau, the agency responsible for protecting consumers, is now under scrutiny as part of Elon Musk's push to cut costs across the federal government. Recently, the agency sued Capital One Bank for allegedly defrauding consumers of over $2 billion.
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.
The Trump administration is moving to dismantle the Consumer Financial Protection Bureau. First Director of the CFPB Richard Cordray joins Chris Jansing to discuss the changes to the federal government and the potential impact of it.
San Francisco workers for the Consumer Financial Protection Bureau protested Elon Musk's plan to axe the agency, as well as layoffs that have already begun.
The upheaval at the Consumer Financial Protection Bureau offers a glimpse into the playbook that Elon Musk and other Trump allies seem to be writing in real time.
Former officials at the Consumer Financial Protection Bureau said Elon Musk’s payment-business aspirations were driving his efforts to hobble the agency.
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.