The Consumer Financial Protection Bureau announced that it is dropping four lawsuits against giant corporations that were filed on behalf of consumers.

Additionally, Trump has claimed that the CFPB has been "politicized," Reuters reported. Warren and Schiff alleged in a letter to the Office of Government Ethics (OGE) Secretary Doug Collins that Musk has "clear conflicts of interest" that seemingly no one has investigated despite federal ethics laws.

The Senate has stripped the Consumer Financial Protection Bureau’s power to monitor digital payment offerings. That could clear the way for Elon Musk's Twitter/X to broaden its payments plan. The proposal still needs to pass the House,

The Senate has voted to overturn key regulations that granted the Consumer Financial Protection Bureau supervision over payment services operated by platforms such as PayPal, Google, and Apple. The largely party-line 51-47 vote on Wednesday is part of a broader campaign by the Trump administration to defang the CFPB,

The Republican-controlled Senate voted to repeal a rule that would subject digital payment apps to the same consumer protections as credit cards and bank accounts. After the Consumer Financial Protection Bureau finalized the rule in November,

Sen. Tim Kaine speaks with Fox News Digital after meeting with Consumer Financial Protection Bureau employees who were impacted by Elon Musk's Department of Government Efficiency (DOGE) federal workforce reductions.

Consumers are concerned that President Donald Trump’s tariffs on Canada, China and Mexico will raise prices. So you might not know that Trump and Elon Musk are working to decimate the Consumer Financial Protection Bureau.

A key federal watchdog is being stripped of its power to oversee potential fraud and abuse in online payment platforms just as Elon Musk’s site, X, attempts to become one. Late last year, the Consumer Financial Protection Bureau—which is tasked with rooting out financial malfeasance— issued a rule that expanded its purview to include digital payment apps like Venmo,

On Wednesday, the U.S. Senate is scheduled to vote on a bill to revoke the Consumer Financial Protection Bureau’s final rule to supervise digital payment apps like Venmo, Apple Pay and Google Wallet the same way the agency monitors companies that issue traditional credit cards and bank accounts.

The Consumer Financial Protection Bureau was created to protect consumers from deceptive financial practices. Wisconsin residents have filed tens of thousands of complaints with the agency.

Employees testified that CFPB leaders and Elon Musk’s DOGE want to wind down the agency to five employees, the minimum required under law.

The Tesla CEO had been pressured by the latest complaints from his employees due to problems with the low salaries received.