Republicans have long criticized the Consumer Financial Protection Bureau. Musk’s allies have entered the building and are embedded in the agency.

The CFPB is funded independently through the Federal Reserve, but the CFPB director has the power to determine how much money the agency needs. That means a CFPB director could zero out the

Donald Trump ran his presidential campaign promising to abolish entire federal agencies and departments, but it’s not quite so easy for a president to simply end an organization that was created and funded each year by Congress,