DOGE’s ‘god-tier’ access to CFPB data opens door to market manipulation, experts say

Summary: Concerns have arisen regarding the extensive data access granted to Elon Musk’s DOGE team at the Consumer Financial Protection Bureau (CFPB), which poses risks to financial institutions and sensitive corporate information. Former officials warn that this access could lead to data leaks and conflicts of interest, particularly with Musk’s diverse business interests. The CFPB’s data security has come under scrutiny with allegations of potential market manipulation and breaches in ethical protocols.

Affected: Consumer Financial Protection Bureau (CFPB)

Keypoints :

• Extensive data access granted to DOGE team raises concerns over data leaks of sensitive corporate and law enforcement information.
• Financial institutions express anxiety about market manipulation and the potential for competitive advantages affecting Musk’s various business interests.
• Congressional investigations initiated to examine the security practices and ethical implications surrounding DOGE’s access to CFPB data.