Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, issued a statement on the nomination of a new Consumer Financial Protection Bureau (CFPB) Director, arguing that the central issue is whether “co-presidents Elon Musk and Donald Trump” will allow the CFPB to continue acting as “the cop on the financial beat” or keep trying to “illegally shut down the agency” and “let Wall Street cheat American families”.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-02-11
U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member Elizabeth Warren issues statement on new CFPB director nomination and warns against shutting down the agency
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, commented on the nomination of a new Consumer Financial Protection Bureau (CFPB) Director. She questioned whether "co-presidents Elon Musk and Donald Trump" would permit the CFPB to function effectively or attempt to dismantle it, potentially enabling Wall Street to exploit American families.