The Consumer Financial Protection Bureau’s X account is gone.
“This account doesn’t exist,” reads social media platform X, formerly Twitter, on what used to be the regulatory agency’s official account.
Since President Donald Trump took office Jan. 20, the CFPB has experienced sweeping changes:
- In April, the CFPB issued staff reduction notices to more than 1,400 of its 1,700 employees.
- The agency is revisiting Section 1033, its marquee open banking regulation published in October 2024, and is expected to ‘water down’ the rule.
- The agency has rolled back its lawsuits against payments company Zelle, Capital One bank and mortgage provider Rocket Mortgage.
- Section 1071 of the Dodd-Frank Act, a CFPB rule that was set to increase reporting requirements for small business loans, has effectively died.
READ MORE: The latest changes at the CFPB
The disappearance of the bureau’s X account follows the Feb. 7 post from X platform owner Elon Musk: “CFPB RIP.”
Editor’s note: The CFPB did not respond to Bank Automation News’ request for comment at the time of publication. This is a developing story.
