The Consumer Financial Protection Bureau has become the latest federal agency in the Trump administration's crosshairs. On Friday, unelected billionaire Elon Musk and his minions gained access to the CFPB's computer systems. That same day, the White House named Russell Vought, the newly confirmed head of the Office of Management and Budget and longtime opponent of the CFPB, as the agency's new acting director. The next day, Vought ordered CFPB staffers to halt all work and to close the office, effectively shuttering the independent agency created in the wake of the 2008 financial crisis. Helaine Olen, managing editor at the American Economic Liberties Project and a contributing columnist at MSNBC, explains why shuttering the CFPB would be bad for average Americans.
And in headlines: Trump doubles down on his plan to kick Palestinians out of Gaza, a federal judge says the White House has defied his order to unfreeze billions in federal grants, and the president slaps a 25 percent tariff on steel and aluminum imports.
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