It’s bad news for Senator Elizabeth Warren and her beloved Consumer Financial Protection Bureau (CFPB)—and it just keeps getting worse.
Trump’s administration is gutting the rogue agency, and CFPB employees just got a wake-up call they won’t forget.
CFPB Freeze: No More Overreach, No More Power Plays
NBC News obtained an internal email revealing that Trump’s budget chief, Russ Vought, has issued a dozen immediate directives that effectively cripple the CFPB’s operations.
According to the report, CFPB employees were ordered to:
- Cease all supervision and examination activity
- Pause all pending investigations
- Suspend all enforcement actions
- Halt all rulemaking and guidance issuance
- Stop all stakeholder engagement and public communications
Vought made it clear: the bureaucratic free-for-all is over.
“The spigot, long contributing to CFPB’s unaccountability, is now being turned off.”
CFPB Employees Sent Home—Permanently?
Just when CFPB employees thought it couldn’t get worse, CNBC reported that the agency’s D.C. headquarters will be closed at least through Feb. 14, forcing employees to work remotely.
And if Trump’s administration has its way, this remote work situation may become permanent—or better yet, the staff might just be laid off altogether.
Trump’s Budget Chief Chokes Off CFPB’s Funding
Vought didn’t just cut the agency’s power—he’s cutting off its money too.
In a post on X, he announced that CFPB will no longer receive new funding from the Federal Reserve because its bloated $711.6 million balance is “excessive”.
“The Bureau’s current balance of $711.6 million is in fact excessive in the current fiscal environment.”
Pursuant to the Consumer Financial Protection Act, I have notified the Federal Reserve that CFPB will not be taking its next draw of unappropriated funding because it is not "reasonably necessary" to carry out its duties. The Bureau's current balance of $711.6 million is in fact…
— Russ Vought (@russvought) February 9, 2025
That’s $700 million of unchecked, unaccountable government spending—until now.
Enter Elon Musk’s DOGE Team—The Final Nail in the CFPB Coffin?
As if things couldn’t get any worse for Warren’s regulatory empire, Elon Musk’s Department of Government Efficiency (DOGE) just sent a team into CFPB headquarters.
At least three DOGE members are now listed as “senior advisors” in the CFPB staff directory—a clear sign that the agency is being taken apart from the inside.
The message is clear—the days of the CFPB’s unchecked power and leftist overreach are over.
What’s Next? The End of Warren’s Dream Bureaucracy
For years, Elizabeth Warren and the Democrats used the CFPB as their personal regulatory weapon, crushing businesses and pushing their radical agenda.
Now? Trump’s team is gutting it from top to bottom.
With its power frozen, funding cut off, and watchdogs replaced with actual reformers, CFPB’s days as an unaccountable, leftist weapon are numbered.
And Elizabeth Warren? She just watched her legacy go up in flames.
