DOGE probes CFPB as Musk paints a grim picture for the agency

Washington Examiner ^ | February 8, 2025 | Emily Hallas

[kevcol]

Several DOGE employees entered the CFPB’s Washington headquarters on Friday to conduct a review of the agency, per multiple reports, with the move coming the same day Musk attracted attention for writing “CFPB RIP” accompanied by a gravestone emoji in a social media post
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Republicans and many in the banking sector have long characterized the agency as an out-of-control bureaucracy that issues stringent, unnecessary, and politicized regulations

[kevcol]

brainchild of...

[Vigilanteman]

Another little known agency taking a trip to the woodshed?

[Fido969]

How much of what CFPB claims the “collected for consumers” went to lawyers, government agencies and CFPB itself?

[Track9]

Someone get her a blanket.

[Responsibility2nd]

And sponsored in Congress by Barney F. and Chris Dodd.

[OldHarbor]

Special Treasury Adviser ?

I ‘ll bet she has a special treasury all her own .

Fauxahontis is heap big trouble, been stashing away wampum in sacred burial ground in Switzerland.

[Ronaldus Magnus III]

One of the unintended offshoots of the President Trump / Elon Musk camaraderie is that every time a democRAT sees the wonderful “T” on the back of every Tesla EV, the liberals now think “Trump.”

More winning.

[sjmjax]

Consumer Financial Protection Bureau.

Pet peeve of mine. Acronyms should be defined at first use regardless of how common.

[ronnie raygun]

we need to demand we see thier personal books, bank accounts financial statements

[DariusBane]

C F P B

Cauliflower Fertilization Propagation and Barbecue.

[Aria]

The Consumer Financial Protection Bureau (CPFB) was originally created by congress (Elizabeth Warren lead) as a quasi-constitutional watchdog agency to reach into the banking and financial system, under the guise of oversight, and extract money by fining entities for CFPB defined regulatory and/or compliance violations

Essentially, the CFPB is a congressionally authorized far-left extortion scheme in the banking sector. The CFPB levies fines; the fines generate income; however, unlike traditional fines that go to the U.S. treasury, the CFBP fines are then redistributed to left-wing organizations to help fund their political activism.

https://theconservativetreehouse.com/blog/2025/02/07/oh-boy-doge-team-now-reviewing-consumer-financial-protection-bureau-the-elizabeth-warren-shakedown-racket/#comments

[Dr. Sivana]

The CFPB levies fines; the fines generate income; however, unlike traditional fines that go to the U.S. treasury, the CFBP fines are then redistributed to left-wing organizations to help fund their political activism.

Well, I got a check from them, because they went after a company that provided a service I purchased. The check was NOT small either. The irony is that they pretty much provided the service they promised, so I had no real beef with them. I did cash the check, I admit. Better me than the gov.

[SMARTY]

Special Treasury Adviser ?

I wouldn’t let her near my loose change

[OKSooner]

How much moola has she taken from Big Credit Card?

[bigbob]

Cease
Funding
Pocohantas’
Brainchild

[lurk]

They exact fines and take the money away to somewhere.

What a racket. And Princess Lizahontas is a sponsor you say.

[Ann Archy]

Liawatha is going to be on THE WARPATH!

[johniegrad]

Someone get her a blanket.

Culturally speaking, she should be able to weave her own.

[johniegrad]

Center for Public Broadcasting.

[Aria]

Interesting...so it’s not entirely a left wing money grab.