CFPB's Sudden Disappearance: Elon Musk's DOGE Leaves Financial Community in Turmoil

The Consumer Financial Protection Bureau (CFPB) has been in the spotlight recently due to a series of unusual events, including the appointment of Russell Vought as the Acting Director and the deletion of the CFPB's X account by officials from the Department of Government Efficiency (DOGE), led by Elon Musk. These developments have raised concerns within the financial community and left the CFPB's staff feeling "dejected and angry."

On February 8th, COINOTAG News reported that Russell Vought had been appointed as the Acting Director of the CFPB. This personnel shift occurred on a Friday night, which some observers found curious. In a surprising move, officials from the DOGE, led by Elon Musk, took drastic actions such as deleting the CFPB's X account. Musk's social media activity peaked with a cryptic tweet, stating "CFPB RIP" accompanied by a tombstone emoji.

Visitors to the CFPB's official website are met with a disconcerting "404 Page Not Found" error, while certain site functionalities remain operational. Reports indicate that DOGE officials have acquired unauthorized administrative access to the CFPB's technical infrastructure. As this regulatory drama unfolds, neither the White House nor the CFPB has issued any comments addressing these significant upheavals.