Russell Vought Takes Over CFPB Amid Musk's Controversial Changes

Russell Vought has assumed the role of acting director of the Consumer Financial Protection Bureau (CFPB), coinciding with significant changes initiated by Elon Musk's Department of Government Efficiency. Following Vought's takeover, the CFPB's X account was deleted and its website displayed a 404 error, signaling a potential dismantling of the agency, which has been a target for conservative lawmakers and tech billionaires alike. Musk has expressed a desire to 'delete' the CFPB, criticizing its regulatory approach as overly aggressive. Reports indicate that representatives from Musk's team gained access to the CFPB's internal systems shortly after Vought's appointment, raising concerns about the agency's operational integrity. The CFPB has played a crucial role in enforcing regulations against predatory lending and protecting consumer rights, a mandate that could be significantly weakened under the new leadership. The atmosphere within the CFPB is reportedly one of dismay and anger as staff react to these sweeping changes.