“CFPB RIP”: Elizabeth Warren’s Bureaucracy In Peril As DOGE Shuts Down HQ, Funding Cut Off

The future of Elizabeth Warren’s bureaucratic brainchild is in question as DOGE sets their sights on the Consumer Financial Protection Bureau (CFPB.)

On Friday, Elon Musk’s DOGE team entered CFPB headquarters. Today, it was announced that they will be shutting it down through February 14th, with staff being instructed to work remotely during this period.

President Trump’s new OMB Director Russell Vought — who doubles as the acting head of the CFPB — has also just cut off all new funding, effectively freezing it in its tracks as its fate is put in peril.

Here’s what Vought had to say about the decision on X:

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

Elon Musk had previously alluded to the death of the CFPB on X:

CFPB RIP 🪦

— Elon Musk (@elonmusk) February 7, 2025

Politico reported on Vought’s decision to cut off the CFPB’s funding:

Russell Vought, the acting head of the Consumer Financial Protection Bureau, is halting the flow of new funding to the agency and shutting down its headquarters, the latest threat to the CFPB’s survival.

In a post on X Saturday evening, Vought said the CFPB has more than $700 million in the bank, a figure he described as “excessive in the current fiscal environment.” He said further funding for the agency is not “reasonably necessary” to carry out its duties and that it would “not be taking its next draw of unappropriated funding.”

Agency leaders told staff on Sunday that the agency’s headquarters would be closed this work week. “Employees and contractors are to work remotely unless instructed otherwise from our Acting Director or his designee,” agency COO Adam Martinez said in an all-hands email.

The CFPB is financed through budget requests to the Federal Reserve, rather than the normal appropriations process, a mechanism that was deemed constitutional last year by the Supreme Court but which has long inflamed Republicans.

“This spigot, long contributing to CFPB’s unaccountability, is now being turned off,” wrote Vought, who is also the White House budget director.

The post comes on the heels of an email Vought sent to CFPB employees underscoring the halt on agency activities issued earlier this week by Treasury Secretary Scott Bessent, who had temporarily led the agency after President Donald Trump fired its previous director, Rohit Chopra. Vought was tapped to take over from Bessent on Friday as the agency’s interim head after he was confirmed by the Senate as Trump’s budget chief.

CNBC has more details on the shutdown of CFPB headquarters this week:

Consumer Financial Protection Bureau employees were told Sunday to work remotely because their Washington, D.C., headquarters would be closed through Feb. 14, according to a memo obtained by CNBC.

The memo, from CFPB Chief Operating Officer Adam Martinez, follows an email sent Saturday from newly-installed acting CFPB director Russell Vought which instructed staff to suspend nearly all activities of the regulator, including supervising financial firms.

The developments come amid concern about the fate of the CFPB and its staff after operatives from Elon Musk’s DOGE arrived at the regulator late last week. The DOGE employees have been given access to CFPB data sources, including staff performance reviews, said people with knowledge of the situation who have asked for anonymity out of fear of reprisal.

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Musk, who last year called for the deletion of the CFPB, on Friday posted “CFPB RIP” on his X social media platform.

This all has liberals absolutely freaking out, with many claiming that the CFPB is there to protect us from predatory practices.

However, in reality, the CFPB has become a multi-million dollar bureaucratic nightmare with too much power and zero Congressional oversight.

Many believe it was set up by Elizabeth Warren as a useful tool for Democrats to effectively “debank” companies with opposing views — under the guise of “protecting” Americans.

Mario Nawfal and Joshua Reid explained this well on X:

🚨🇺🇸DOGE SHUTS DOWN CFPB HQ—IS THIS THE END OF A $700M BUREAUCRACY?

The Consumer Financial Protection Bureau (CFPB), created in 2011 in part by Sen. Warren, claims to protect consumers from predatory financial practices.

In reality, it operates with zero congressional… pic.twitter.com/eO2sEAgWCE

— Mario Nawfal (@MarioNawfal) February 9, 2025

💥The CFPB is the same organization created without Congressional Oversight or Authority but operated as a pet project by Elizabeth Warren and used to target companies and individuals that the liberals don’t agree with.

This is the source of “debanking”.

It’s gone for good. https://t.co/pMcVsbH3un pic.twitter.com/PiMqxDaGoK

— Joshua Reid | Redpills.tv (@realjoshuareid) February 7, 2025

If you want to know more about the harm CFPB has been used for, watch this clip:

LEARN THIS TERM: The Consumer Finance Protection Bureau

The CFPB was spearheaded by Elizabeth Warren, and by operating under the Orwellian guise of 'protecting consumers', she has used it to de-bank her biggest political opponents.pic.twitter.com/QEkVEJlOQi

— The Conservative Alternative (@OldeWorldOrder) January 24, 2025

Clive makes a good point:

Everyone probably knows. However, the Consumer Finance Protection Bureau was the baby of Elizabeth Warren. She proposed the idea in 2007. A big scam. That is why she is so rich and that is why, thanks to President Trump, it will be:

CFPB RIP

Life is so good! pic.twitter.com/X1gO5Ej67K

— Clive⚖️ (@clivebushjd) February 8, 2025