Elon Musk’s efficiency team at the Department of Government Efficiency (DOGE) has halted operations at the Consumer Financial Protection Bureau (CFPB), sparking concerns over data access and security. The move came as the team expanded their “read-only” access to sensitive information, including internal emails and financial data.
The halt began on Thursday when a group of young staff members working under Musk arrived at CFPB’s headquarters in Washington D.C. Initially, they had limited access to documents, but it was quickly upgraded to include personnel files, procurement records, and budgeting information. This rapid expansion has raised questions about the team’s intentions and potential security risks.
As Musk plans to launch a new digital wallet called “X”, concerns over data handling and regulation are growing. The CFPB’s shutdown has raised eyebrows among lawmakers and experts, who are monitoring the situation closely.
Source: https://www.bloomberg.com/news/features/2025-02-10/doge-backed-halt-at-cfpb-comes-amid-musk-s-plans-for-x-digital-wallet