The agency aims to protect consumers from unfair, deceptive or abusive financial practices by taking action against companies that break the law. In 2022, the CFPB ordered Wells Fargo to pay $3.7 billion for “widespread mismanagement” that led to misapplied loan payments, wrongfully foreclosed homes and more.

The department wouldn't be a department at all, but an outside group that can likely only make suggestions — unless Trump tries to axe current laws.

As President-elect Donald Trump assembles the cabinet for his incoming presidential administration, he has also announced his plan to create an initiative he calls the “Department of Governmental Efficiency” (DOGE).

The proposed government agency, which is not yet established, would “dismantle Government Bureaucracy” among other things, according to Trump.

President-elect Donald Trump announced Tuesday that Elon Musk and Vivek Ramaswamy will lead his administration's new Department of Government Efficiency, or DOGE, to end "government waste" and "slash excess regulations.

Delete CFPB,” the billionaire tech executive running the “Department of Government Efficiency” said in an early-morning post on X.

How much influence will Elon Musk have in the coming administration? How much influence will Twitter, the service Musk owns and renamed X, have? This is a case where predictions don't do us a lot of good.

With Elon Musk as his government efficiency chief, President-elect Donald Trump has made a surprise turn to fiscal sustainability. It won't be easy.

Questions are being raised about US President-elect Donald Trump’s relationship with Tesla CEO Elon Musk. It comes as America prepares for the inauguration of Mr Trump. Sky News UK has spoken to Elon Musk’s father Errol Musk about his son’s fears about population decline and how it could impact policy.

Elon Musk aims to dismantle thousands of federal regulations, co-head of the Department of Government Efficiency. Musk warned on X that the U.S. faces financial collapse due to excessive regulations,

Elon Musk, alongside Vivek Ramaswamy, has taken on a monumental challenge with the newly established Department of Government Efficiency (DOGE). The billionaire duo, under the administration of President-elect Donald Trump,