Mayes is once again fighting against efforts by the Trump administration and Elon Musk to defund the Consumer Financial Protection Bureau (CFPB). Mayes, alongside her liberal allies, claims dismantling the CFPB would harm consumers and enable financial institutions to exploit working families. However, this rhetoric ignores the CFPB's regulatory overreach and its negative impact on innovation and small businesses. Critics like the Southwest Public Policy Institute (SPPI) argue the agency has harmed consumers more than helped them.
Trump’s decision to fire 17 inspectors general during his first week in office reinforces his constitutional authority to exercise executive power. His actions, including firing CFPB head Rohit Chopra, reflect a broader effort to dismantle a wasteful, politically biased government agency. Trump's efforts, backed by recent Supreme Court rulings, aim to ensure accountability and prevent unaccountable government entities from undermining executive control.
