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Stop Elon's Billionaire Grift: Hands off the CFPB

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2/11/2025, 11:59 AM

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Connect with the House Financial Services Committee Get the latest news: https://democrats-financialservices.house.gov/ Follow us on Facebook: https://www.facebook.com/USHouseFSC Follow us on Twitter: https://x.com/USHouseFSC Follow us on Instagram: https://www.instagram.com/ushousefsc/ ___________________________________ Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, Senator Elizabeth Warren (D-MA), the top Democrat on the Senate Committee on Banking, Housing, and Urban Affairs, and Congressional Democrats will meet in front of the Consumer Financial Protection Bureau’s headquarters to demand answers regarding Elon Musk’s takeover of the agency. In recent days, Acting Director Vaught has taken illegal action to halt all agency operations, shut down the agency’s website, and close the CFPB’s headquarters. This is all part of the Trump Administration’s systematic plan to gut the agency, as Musk signaled with his recent “CFPB RIP” tweet. ___________________________________ WHO: House Committee on Financial Services, Ranking Member Maxine Waters; Senate Committee on Banking, Housing, and Urban Affairs; Ranking Member Elizabeth Warren; and Congressional Democrats. WHERE: Consumer Financial Protection Bureau HQ, 1700 G St NW, Washington, DC 20552 WHEN: Today @ 4:15 P.M. ET ___________________________________ Join Indivisible, Progressive Change Institute, MoveOn, and Americans for Financial Reform to Rally at the Consumer Financial Protection Bureau with Senator Elizabeth Warren and Congresswoman Maxine Waters to fight back against Elon Musk’s attempt to kill it. The people rely on this agency to protect against corporate exploitation and bank fraud. Musk is trying to eliminate it, but we’re ready to unite and fight back. Elon Musk and Donald Trump are attempting to kill this essential agency that protects Americans from fraud and exploitation at the hands of banks and corporations. Regular people rely on CFPB every day to protect their money and their livelihoods—and Elon Musk is trying to eliminate it. Over the weekend, the acting head of the CFPB demanded all investigations within the bureau stop, and shut down headquarters for the next week. Now, Democrats in Congress, including Senator Elizabeth Warren and Congresswoman Maxine Waters, are going to demand answers and advocate for their constituents. United, we will tell the American people why this fight matters and how it will impact their lives. While Trump has handed over the keys to the federal government to a billionaire saboteur, we will stand with the people and fight back. CFPB has saved the people over $21 billion in compensation, canceled debts, and consumer relief, benefitting over 205 million Americans. When Elon Musk talks about “saving money” by eliminating CFPB, he really means taking money from US. Musk has shown us he wants to slash Meals on Wheels, shutter preschools, end school lunches for kids in need, while advancing his business interests and helping Trump push more tax cuts for billionaires and allies like him. CFPB is more important than ever in the midst of a billionaire takeover. Join us on Monday afternoon for a rally at the Consumer Financial Protection Bureau to tell Elon: It’s our CFPB, not his. A core principle behind this event is a commitment to nonviolent action. We expect all participants to seek to de-escalate any potential confrontation with those who disagree with our values.

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