Since its establishment in 2011, the Consumer Financial Protection Bureau (CFPB) has faced criticism from powerful opponents, becoming an early target in Elon Musk’s overhaul of the U.S. government. Following Musk’s pledge to “delete” the agency, hundreds of CFPB employees have been laid off, and enforcement actions have ceased. President Donald Trump claimed his administration had “virtually shut down CFPB.” The future of the agency remains uncertain amid these sweeping changes. — news from Bloomberg
