Anna Helhoski

Yeah, that's right. So to recap, the CFPB is an independent government agency and it oversees all aspects of consumer finance. That includes banks, lenders and other financial institutions. And it was created in the aftermath of the 2008 financial crisis and Great Recession. So in the 13 years since its founding, the Bureau has recouped $19.7 billion for consumers through enforcement actions.

Yeah, that's right. So to recap, the CFPB is an independent government agency and it oversees all aspects of consumer finance. That includes banks, lenders and other financial institutions. And it was created in the aftermath of the 2008 financial crisis and Great Recession. So in the 13 years since its founding, the Bureau has recouped $19.7 billion for consumers through enforcement actions.

And as a result of the CFPB's enforcement work, some 205 million consumers have been eligible to receive relief. So the CFPB has been good for consumers overall, which is what has made recent actions so confounding.

And as a result of the CFPB's enforcement work, some 205 million consumers have been eligible to receive relief. So the CFPB has been good for consumers overall, which is what has made recent actions so confounding.

And as a result of the CFPB's enforcement work, some 205 million consumers have been eligible to receive relief. So the CFPB has been good for consumers overall, which is what has made recent actions so confounding.

Last week, Russell Vogt was confirmed to lead the Office of Management and Budget and and was named acting director of the CFPB. Shortly after that, the so-called Department of Government Efficiency, or DOGE, gained access to CFPB headquarters and its computer systems. Later that day, Elon Musk, the billionaire that's leading Doge, posted on his social platform X, quote, CFPB RIP.

Last week, Russell Vogt was confirmed to lead the Office of Management and Budget and and was named acting director of the CFPB. Shortly after that, the so-called Department of Government Efficiency, or DOGE, gained access to CFPB headquarters and its computer systems. Later that day, Elon Musk, the billionaire that's leading Doge, posted on his social platform X, quote, CFPB RIP.

Last week, Russell Vogt was confirmed to lead the Office of Management and Budget and and was named acting director of the CFPB. Shortly after that, the so-called Department of Government Efficiency, or DOGE, gained access to CFPB headquarters and its computer systems. Later that day, Elon Musk, the billionaire that's leading Doge, posted on his social platform X, quote, CFPB RIP.

Since then, Musk has also reportedly deleted the CFPB's X page and the CFPB's website's homepage reads 404, page not found.

Since then, Musk has also reportedly deleted the CFPB's X page and the CFPB's website's homepage reads 404, page not found.

Since then, Musk has also reportedly deleted the CFPB's X page and the CFPB's website's homepage reads 404, page not found.

Chuck, thank you for joining us on Smart Money.

Chuck, thank you for joining us on Smart Money.

Chuck, thank you for joining us on Smart Money.

So to start off, I'm hoping that you can tell us some of the big accomplishments of the CFPB since its inception.

So to start off, I'm hoping that you can tell us some of the big accomplishments of the CFPB since its inception.

So to start off, I'm hoping that you can tell us some of the big accomplishments of the CFPB since its inception.

It seems pretty clear that the CFPB is objectively helpful for consumers. So what are the criticisms of the CFPB from this administration?

It seems pretty clear that the CFPB is objectively helpful for consumers. So what are the criticisms of the CFPB from this administration?

It seems pretty clear that the CFPB is objectively helpful for consumers. So what are the criticisms of the CFPB from this administration?