191. The annual Democrat sent Russell, the Management Office and the Secretary of Budget Office and Finance, who has just installed the Director of Scott Bessent, about actions Aimed at the National Consumer Financial Caring Agency.
The Consumer Financial Protection Office (CFPB) created the Congress as a result of the 2008 financial crisis, to protect Americans against American business practices. They brought a virtual fight, appointed Director of Agency Last week, and Elon Musk’s government efficiency department took control of the agency. Since fights Has given a stop order to almost all CFPB staff.
Democrats, in their letter, called Musk’s Dange staff, and some of which entered the federal office of the Agency and asked for access to its industry and consumers to extract CFPB.
People go to a protest in favor of the consumer financial protection office (CFPB), February 10, 2025, February, at Washington’s CFPB headquarters.
Jacquelyn Martin / Ap
“We are dangerous to disassemble the CFPB and we will fight Mr. Musk operators from CFPB, which restore internal and external systems and the CFPB to protect the American consumer’s work,” Democrats in their letter.
The letter signed by the Senate Democrats and two independents – an instinct of Angus King, Maine, and Bernie Sanders, in Vermont, with whom caucus them.
On Monday, President of the Walbour office, President Donald Trump said CFPB “is very important” that “removal” and the organization “to destroy very good people.”
When his goal was to remove the agency completely, Trump replied yes.
“Yes, I would say, because we’re trying to remove debris, fraud and abuse,” Trump said.
Elon Musk speaks next to President Donald Trump in the Oval Office of the White House in Washington, February 11 2025.
Kevin Lamarque / Reuters
Democrats ally in their letter The financial instructor will damage consumers and it will be illegal.
“The Trump Administration has been effectively against the financial police, and has declared an open season for stealing American money and working for their financial safety for artists. Democrats said in the letter. “
“It doesn’t matter if someone has had a great fraud and whatever the administration has stated that the financial police should be alone and the giant network of borrowers cheating American consumers,” lets follow the letters. “This is particularly expensive that claims from illegal corners are investigating the agencies or banning agencies.”
The letter comes as a Democrat of Congress, both at home and in the Senate, to use their limited tools, claiming what they say is illegal through some agencies of Trump Administration and Musk’s government efficiency department, among others Consultation, Federal Emergency Management Agency, National Institutes of Health and CFPB.
The National Union of Finance Workers presented two issues this week by ciphering the challenge of accessing CFPB and DOGE records.
The letter directs the senators of Elizabeth Warren, in Massachusetts, the main Democrat on the Senate Bank Committee and contributed CFPB after the 2008 financial accident. In the days when Elon Musk published “RIP CFPB“Xn, the Warren Agency has been a voice defender.
Since its creation in 2011, CFPB said that it has returned $ 2 billion for American consumers, from bank rates to credit cards by dealing with student loans.
Senators of Elizabeth Warren, Massachusetts Democrat, speaks of the President against the President of Donald Trump and Doge Elon Musk, the CFPB’s headquarters in Washington, February 2025.
Saul Loeb / AFP via Getty Images
On Tuesday, the President of the Federal Reserve presented Jerome Powell, which was facing the Senate Bank Commission, to work with the Congress to exclude Musk’s team from the Consumer Financial Protection Office.
“If CFPB is not examining these huge banks to ensure the laws are following, are not cheating on consumers, who does this work?” Warren asked him while he heard Powell.
“I can’t say other federal regulators,” Powell replied.
“No one is. Another CFPB manager made by CFPB, CFPB, didn’t show people who don’t open illegal accounts for bank examiners, what to do with Wells Fargo It happened, or loading illegal garbage fees like American banks, said the warren.
Some Republicans of the panel backed out of this questionline, the laws that regulate banks are not changed and the work prescribed in the Elon Musk campaign.
“There has been a lot of conversations, both of this pre-reputation, both in terms of a President, referring to the work of ELON MUSK, saying the work of DOGE,” said Katie Britter in Alabama. “I think it’s important to remember that President Trump has progressed. I mean, he said we will search for unnecessary expenses throughout our government.”
Democrats said in their letter, they will fight to defend the agency.
“We retreated all the efforts before doing this agency, and in the Congress, the courts and the public we will fight against this last attack,” said legislators. “Will fail.”
