The main U.S. agency tasked with overseeing the financial products and services used by everyday Americans — from credit cards to checking accounts to home loans — is the latest target of the Trump administration’s effort to remake the federal government.
The Consumer Financial Protection Bureau’s new leader has shuttered the agency’s headquarters and told staffers to stay at home and refrain from doing any work.
The Trump administration team run by tech billionaire Elon Musk is also focusing some of its efforts on the CFPB. The Department of Government Efficiency — or DOGE — has accessed the CFPB’s internal computer systems and deleted its public-facing social media accounts. In recent weeks Musk has criticized the CFPB in posts on X, the social media site he owns, at one point posting: “CFPB RIP.”
Read this story now for free
To continue reading, sign up for our newsletter and get unlimited access to WABE.org
You can select your preferences for news and local content. We will never share your email address. Learn how your newsletter sign-up will support WABE and Public Media
