Musk targets CFPB, a notable flu season, JFK assassination records discovered & more
CNN 5 Things
CNN
3.7 • 1.3K Ratings
🗓️ 11 February 2025
⏱️ 6 minutes
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| 0:31.2 | Hi, from CNN. I'm Afamadikai, with the five things you need to know for Tuesday, February 11th. |
| 0:38.6 | The Trump administration appears to be putting the Consumer Financial Protection Bureau |
| 0:43.0 | on the chopping block, and the Federal Emergency Management Agency, or FEMA, may be next. |
| 0:49.1 | Elon Musk, who leads the Department of Government Efficiency or Doge, has been granted access |
| 0:54.1 | to the CFPB systems. |
| 0:56.0 | That's what a person familiar with the matter tells CNN. |
| 0:59.0 | Since then, the CFPB's acting director told employees to, quote, |
| 1:03.0 | Stand Down from All Work. |
| 1:05.0 | Two of the financial regulators' top officials resigned as a result. |
| 1:09.0 | The watchdog agency's job is to protect consumers |
| 1:12.2 | from financial abuses, and it's one of the main agencies that regulates banks. Fed Chair Jerome Powell |
| 1:18.2 | says that while the central bank has, quote, some jurisdiction to ensure big banks aren't cheating |
| 1:23.1 | consumers, without the CFPB, there's no other federal financial regulator in its place. |
| 1:29.4 | Meanwhile, President Donald Trump brailed against FEMA on Truth Social and said it should be, |
| 1:34.7 | quote, terminated. |
| 1:35.7 | He accused FEMA of mismanaging disaster relief efforts. |
| 1:39.8 | Steve Bannon pleaded guilty to defrauding donors in a fundraising effort to build a wall along the U.S. southern border and a deal that allowed him to avoid prison. |
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