The Consumer Financial Protection Bureau Will Probably Be The Next On The Chopping Block

Trump taps Bessent to lead consumer bureau as GOP plots big changes

Trump's consumer watchdog freezes CFPB activity on first day of job

OPINION

"The Consumer Financial Protection Bureau will be the next on the chopping block. Trump fired the Director. All of their 50K in the last campaign donations went all to Democrats. They locked the fired Director out of his computers. Now Musk will audit that agency. It was created after the housing crash. Congress has no oversight. Only the Treasury Secretary. Basically they shake down banks."

Tech’s Trump Backers—Zuckerberg, Musk—Hate CFPB. It’s Now Been Paused.

Treasury Secretary Scott Bessent testifies during 

his Senate Finance Committee confirmation hearing in Dirksen building on Thursday, January 16, 2025. (Tom Williams/CQ-Roll Call, Inc via Getty Images)

CQ-Roll Call, Inc via Getty Images

What Is The Consumer Financial Protection Bureau?

#CFPB #ConsumerFinancialProtectionBureau