Ending the CFPB’s Unchecked Power
The Consumer Financial Protection Bureau (CFPB) has become one of Washington’s most powerful—and least accountable—agencies. Created under Dodd-Frank in 2010, it was Elizabeth Warren’s pet project, a progressive financial watchdog designed to operate beyond the reach of voters and elected officials. Unlike most agencies, the CFPB isn’t funded by Congress but instead pulls money directly from the Federal Reserve, shielding it from normal budgetary oversight. For years, it was led by a single director who could not even be removed by the president—a blatantly unconstitutional structure that the Supreme Court struck down in 2020.
For more than a decade, conservatives have pushed to rein in or dismantle the CFPB, recognizing it as a rogue bureaucracy with too much power and too little accountability. Now, with President Donald Trump…
