Exclusive: Senators Elizabeth Warren and Andy Kim demand investigation into DOGE cuts at CFPB

Quick Summary:

Warren, who had conceived of and oversaw the creation of the financial watchdog agency after the financial crisis, is now trying to defend it.

The senators also asked that the inquiry examine how those actions had affected the agency’s enforcement and supervision, monitoring of market risks, and consumer complaint program, among other things.

The letter argues it “is essential that Congress and the public understand how the Trump Administration’s recent actions have affected the CFPB’s ability to carry out its mission and statutory obligations.

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Article Details

Author / Journalist: Jessica Mathews

Category: EconomyBusiness

Markets: United States

Topics: Donald Trump Elizabeth Warren DOGE Cfpb

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 11:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 770 words

Reading Time: 5 minutes read

Sentences: 5 lines

Sentence Length: 154 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27947494

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Official Website: fortune.com

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Year Established: 1929

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News Last Updated: 18 hours ago

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