Musk's Doge takes aim at US consumer protection agency

[SunSeeker]

3. With a $758M budget, CFPB has saved US consumers over $21B since its creation in 2011.

That is pretty fucking good return on investment for taxpayers.
https://www.politico.com/news/2025/02/07/elon-musk-team-cfpb-00203119#:~:text=%E2%80%9CThe%20Consumer%20Financial%20Protection%20Bureau,American%20consumers%20over%20%2420%20billion.

In 2024, the CFPB had finalized rules that would limit overdraft charges and credit card late fees to $8, saving U.S. consumers about $15 billion a year.
https://www.consumerreports.org/consumer-protection/how-cfpb-changes-could-impact-consumers-a2527371632/#:~:text=Limiting%20Credit%20Card%20Late%20Fees%20and%20Overdraft%20Fees,about%20%2415%20billion%20a%20year. But the banks are litigating that rule, and you can bet the Trump administration will not enforce it regardless.