On February 10, Consumer Financial Protection Bureau (CFPB) [created by Elizabeth Warren after the 2008 economic collapse] Acting Director Russell Vought [who authored the 2025 Program] announced to CFPB staff and contractors that the independent agency’s office was closed and that they should not “perform any work tasks.” Prior to announcing the office closure, Vought halted funding for the CFPB, describing the agency’s funds as “excessive in the current fiscal environment.” The Department of Government Efficiency (DOGE), headed by tech billionaire Elon Musk, has since accessed the CFPB’s internal computer systems and deleted the independent agency’s social media accounts.
By Margaret Poydock on Feb 12, 2025 04:46 pm