News with the tag "CFPB"

Since January 20, Elon Musk’s Department of Government Efficiency (D.O.G.E) has aggressively cut 1,125 federal contracts in an effort to trim government spending. But data from its own “Wall of Receipts” show that nearly 40% of these cuts—417 contracts—will not save the government a single cent. The...

The Department of Government Efficiency (DOGE) has launched a competitive ranking system to show which federal agencies are leading efforts to cut costs. The new webpage has listed over 2,200 terminated contracts and various cost-saving measures and claims to have cut down $65 billion in wasteful ex...

Torsten Sløk, chief economist at Apollo Global Management, predicts the layoffs from Elon Musk’s Department of Government Efficiency (DOGE) could reach one million jobs. He warns that early estimates of 300,000 layoffs fail to account for the broader impact on federal contractors. According to Sløk,...

The Consumer Financial Protection Bureau (CFPB) is being torn apart by Elon Musk’s Department of Government Efficiency (D.O.G.E), and according to a Bloomberg report, not everyone in president Donald Trump’s circle is happy about it. Since taking control in January, Elon has axed hundreds of employe...

US Democratic party members, more specifically House Representatives, are trying to block Elon Musk’s Department of Government Efficiency (DOGE) operations, framing it as a reckless overreach that threatens privacy and national security. Liberals have now started a campaign to convince some GOP lead...

President Donald Trump is set to sign an executive order beginning a government-wide review of regulations. According to a White House fact sheet, the order will require all federal agencies to assess their regulations to ensure alignment with the administration’s policies and billionaire Elon Musk’...

Elon Musk’s Department of Government Efficiency (D.O.G.E) is officially inside NASA, with its staff set to dig through every financial record at the space agency. Acting Administrator Janet Petro confirmed the development on Wednesday while speaking to reporters at a Washington conference. “So we ar...

Yesterday, Senator Elizabeth Warren accused Elon Musk and Donald Trump of leaving American consumers completely exposed to financial exploitation after “ illegally shutting down the Consumer Financial Protection Bureau (CFPB) .” Elizabeth fought to establish the CFPB in 2011, and she has come forwar...

Russell Vought, recently appointed by U.S. President Donald Trump to lead the Consumer Financial Protection Bureau (CFPB), has taken sweeping measures to halt the agency’s operations. In a February 9 X post , Vought announced the suspension of funding from the Federal Reserve and directed CFPB staff...

Elon Musk’s Department of Government Efficiency, known as DOGE, has made the move on its next target: the Consumer Financial Protection Bureau (CFPB). On Friday, three DOGE operatives—Christopher Young, Nikhil Rajpal, and Gavin Kliger—arrived at the CFPB’s Washington, D.C., headquarters, according t...