Maxine Waters (D-CA) spoke outside the Consumer Financial Protection Bureau (CFPB) on Monday, addressing a gathering where she criticized Elon Musk.
As reported by The Gateway Pundit, the event took place as President Trump’s administration implemented changes to the CFPB, including the recent dismissal of its Biden-era chief.
Office of Management and Budget (OMB) Director Russ Vought announced that the CFPB would not be receiving additional funding at this time, stating that the agency’s current balance of $711.6 million is sufficient.
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“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,” Vought stated.
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
A protest took place outside CFPB headquarters on Monday in response to these developments. During her speech, Waters criticized Musk and accused him of working against consumer protections.

“Elon Musk, where are you? Bring your ass over here so you can see who’s here and what we’re doing. We’re not afraid of you. We know that you are the co-president now of the United States of America. But ladies and gentlemen, I want you to follow very closely what he’s doing and how he has done it.”
Waters expressed concerns about changes affecting consumer financial protections, claiming Musk and other wealthy individuals seek to influence policies for their benefit.

“Why does Elon Musk want to get rid of all of this? Because he’s a thief. He’s a gangster. He brings his billionaire friends along with him because they think that they can take over this country. Trump has said, ‘You give me enough money, you can have.’”
Congress woman Maxine Waters calling Elon Musk a gangster is side eye worthy. Look who’s talking. pic.twitter.com/uFuHgB4rc0
— charmane harbert ✝️ 🇺🇸 (@callme_Chari) February 10, 2025
The event highlighted ongoing political disagreements regarding financial regulations and the role of high-profile business leaders in government policy.
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