Musk’s Dane aims to the US consumer protection agency

The Trump Administration and Elon Musk’s government efficiency department (DOGE) are moved, and safely extinguished – the agency configured to protect consumers from the financial crisis.

The consumer financial protection office (CFPB) supervises the banks and has extensive consumer data tromes.

As part of the US Federal Reserve, the CFPB is independent, but Trump’s budget director installed as Director on Friday, and DOGE officials have accessed access to the agency systems that have obtained access to agency systems.

About 100 employees protested out of the CFPB office on Saturday.

Agency is the last department of the U.S. government, directed by DOGE, a different cost cutting group that Donald Trump has broadened LeeWay.

Musk and DOGE has already made an effort to remove USAID, the main foreign support agency in the US, and DOGE staff has also been reported in several departments of other federal governments.

The number of DOGE employees, its budget and its structure function is not clear. Musk and white houses have given few details about the DOGE operations, and the names of DOGE staff mostly escaped by government staff.

CBS, BBC’s U.S. news pair reported that Dogre representatives have gained access to CFPB internal systems, including employee rolls and financial records.

Wall Street Journal reported that the DOGE representatives were obtained by the CFPB computer system to “read only”.

The agency regulates banks and financial institutions for more than $ 10 Billion in assets (£ 8 million).

It was created in 2011 in 2007-8 in the reforms after a great recession, the U.S. subprime mortgage loans market was screwed.

It has about 1,750 employees and has a budget of $ 758 million each year.

It has complaints about customer financial products and has the ability to make consumer financial rules. In 2024, for example, the late credit card was limited to $ 8 (£ 6.45), even if the rule change has been delayed through a legal challenge.

The agency has long been able to pass a republican target, reduce banks, and finances and liquidations to use money to finance the team of left activists.

The first page of the CFPB website returned an error message on Saturday, however, many other sites seemed to be working normally.

Democrats on the Home Financial Services Committee, Maxine Water, DOGE has released a statement that he claimed to be “systematically cfpb”.

“It is a crisis of five Alarms of the CFPB and the privacy of millions of Americans is a scary violation of the muscles, after capturing bad actors, the personal information of people who came to the bad actors in a moment of despair,” said the water.

The water said that these data may contain bank statements, credit card information, social security numbers and medical information.

In a statement, the National Union of Finance Workers represent CFPB staff, the activities of Dogee’s activities were “potentially dangerous”. The Union said all the ways continue to protect the private data of consumers and financial institutions.

On Friday, Musk wrote the “CFPB RIP” account in X. Publishing an hour earlier, he repeated the allegations of spread crimes, fraud and abuse throughout the government and would try to close the office.

Last month, President Trump threw CFPB director Rohit Chopra, appointed President Joe Biden and the Secretary of Finance installed Scott Bessent as the head of the Agency.

Friday, however, Trump made another switch, giving control of Russell’s struggle agency, providing control of the agency approved by the new director of the Office Office.

The fight was the author of the 2025 project, Heritage Foundation List of proposals given by Think Tank – One of them CFPB cancellation call.

BBC CFPB contacted the White House and the DOGE spokesman for commenters.