Elon Musk’s Department of Government Efficiency (DOGE) has now turned its focus to the Consumer Financial Protection Bureau (CFPB), as part of its broader effort to investigate federal agencies for waste and inefficiency.
Since the Trump administration took office last month, DOGE has conducted investigations into multiple government agencies, including the U.S. Agency for International Development (USAID) and the Departments of Treasury and Defense.
Now, the administration appears to be setting its sights on the CFPB, which has long faced criticism for its regulatory approach and funding structure.
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The CFPB is responsible for overseeing large financial institutions such as banks, lenders, credit unions, and debt collectors to ensure fair consumer practices.
However, Republicans and many in the banking industry have argued that the agency operates with little accountability, bypassing congressional oversight by receiving its funding directly from the Federal Reserve.
On Friday, multiple reports confirmed that DOGE employees entered the CFPB’s Washington, D.C., headquarters to begin a review of the agency.
This move came the same day that Musk posted “CFPB RIP” along with a gravestone emoji on X, signaling his stance on the bureau’s future.
CFPB RIP
— Elon Musk (@elonmusk) February 7, 2025
According to sources, DOGE personnel have been given read-only access to CFPB records as they review whether the agency is complying with President Donald Trump’s executive orders.
These directives include a freeze on regulatory activity and the elimination of diversity, equity, and inclusion (DEI) initiatives within federal agencies.
A Politico report stated that three Musk allies, including DOGE personnel, have set up an office inside the CFPB.
Meanwhile, the bureau’s website has reportedly gone offline, displaying an error code to users attempting to access it.
A few hours after the review began, Musk reiterated his stance on social media, posting “CFPB RIP.”
#BREAKING: CFPB goes into SCORCHED EARTH mode after Musk calls for them to be canned
The federal unions have now mobilized to CFPB’s DC offices with propaganda to COERCE employees not to take Trump and DOGE’s 8-month deferred resignation deal
These unions are trying to… pic.twitter.com/hi7J6ehCgU
— Nick Sortor (@nicksortor) February 9, 2025
This is not the first time he has called for the agency’s elimination. In December, Musk responded to a CFPB ruling regulating how payment systems interact with technology firms by stating, “Delete CFPB.”
Delete CFPB. There are too many duplicative regulatory agencies.
— Elon Musk (@elonmusk) November 27, 2024
In addition to DOGE’s review, the CFPB has also undergone a leadership change.
Russell Vought, who was recently confirmed as head of the White House Office of Management and Budget (OMB), is now reportedly serving as the acting leader of the CFPB.
He replaces Treasury Secretary Scott Bessent, who had previously overseen the agency.

Upon assuming his role, Vought initiated an internal review of the CFPB and halted much of its activity.
According to reports, Bessent had already issued an order on Monday instructing employees to stop crafting regulations, enforcing rules, or conducting inquiries.
Musk has repeatedly argued that the CFPB is a redundant federal agency, echoing concerns from congressional Republicans who have long pushed for its dissolution.
Critics argue that the agency enforces overly strict regulations and lacks proper oversight due to its independent funding.
Last month, Sen. Ted Cruz (R-TX) and Rep. Keith Self (R-TX) introduced legislation to eliminate the CFPB entirely.
In a joint statement, they called it an “unaccountable and burdensome agency that has stifled economic growth through regulatory overreach.”
As DOGE continues its efforts to streamline federal agencies, it remains to be seen how the Trump administration will proceed with the CFPB and whether legislative efforts to dismantle the agency will gain traction in Congress.
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