Warren Accuses Musk And Trump Of Dismantling CFPB Amid Layoffs

According to Odaily, U.S. Democratic Senator Elizabeth Warren has accused Elon Musk and U.S. President Donald Trump of dismantling the Consumer Financial Protection Bureau (CFPB) to exert financial control. Warren emphasized that the CFPB was established by Congress, and only Congress has the authority to close it, not Musk or Trump. She likened Musk's actions towards the CFPB to those of a bank robber. The CFPB, which Warren helped establish in 2007, recently experienced a wave of layoffs on February 13, with approximately 100 employees receiving termination notices. This move is part of the workforce optimization agenda led by Musk's Department of Government Efficiency (DOGE). Previously, on February 8, Russell Vought, Director of the Office of Management and Budget (OMB), was appointed as the acting director of the CFPB. That same evening, officials from Musk's DOGE took over and deleted the CFPB's X account. Musk later tweeted "CFPB RIP" with a tombstone emoji on the X platform. The CFPB's website currently displays a "404 Page Not Found" error on its homepage, although other sections remain accessible. Sources indicate that DOGE officials have gained administrative access to the CFPB's systems, including the content management system, website backend, and personnel directories. The internal atmosphere at the CFPB is reportedly filled with frustration and anger.