Russell Vought, serving as the OMB head, assumes position as acting head at CFPB, DOGE team removes X account from its platforms.
Vought's ascension to the CFPB's helm, following his Senate confirmation as the OMB head, was swift and unexpected. The change came just a day after his confirmation was sealed. This shift was reported initially by The Wall Street Journal.
Our sources at CNN revealed that DOGE officials obtained administrative rights to CFPB systems, gaining control over the content management system, the back-end of the bureau’s website, and the active directory of employees.
"CFPB RIP," mused Musk in a tweet on Friday afternoons, paired with a tombstone emoji.
The source informed us that the DOGE team seized control of the CFPB's X account, ultimately deleting it on Friday night. The homepage, displaying a "404 page not found" message, was left in its wake. However, other parts of the website appeared to remain functional.
Employees within the CFPB found themselves in a state of dismay and anger, according to our source.
Neither the White House nor the CFPB responded to our requests for comment on this matter.
Following Treasury Secretary Scott Bessent's order for a near-total halt of operations at the CFPB, the DOGE team infiltrated the systems of the influential financial regulation agency. This freeze gave no indication as to how long it would endure.
A group of House Democrats penned a letter on Saturday, addressing Bessent, expressing grave concerns over the freeze's potential for illegality. The letter, spearheaded by Rep. Maxine Waters, urged Bessent to reverse what seemed like an unnecessary halt to the bureau's operations.
Sen. Elizabeth Warren, senior member of the Senate Banking Committee, cautioned President Trump about the freezing conflict, stating that it could exacerbate debanking and push up costs for countless American families.
Enrichment Insight:
The DOGE team took advantage of Vought's confirmation and the temporary agency closure for an audit, granting them administrative access to CFPB systems. The freeze on operations hindered regulatory activities and investments in consumer protection, causing strong opposition from lawmakers and consumer advocates. As the facts surrounding legislative decisions and regulations shifted, so too did concerns about potential biased decision-making and data security breaches.
Despite the temporary closure of the CFPB for an audit, the DOGE team used this opportunity to gain administrative access to the business's systems, leveraging Vought's confirmation as head of the OMB. This business disruption caused significant concerns among lawmakers and consumer advocates, raising questions about potential biased decision-making and data security breaches.
