Wall Street Journal: Warren, Waters Warn Bank Regulators Against Aiding ‘Unlawful’ DOGE Actions

Key Democrats are calling on the heads of the Federal Reserve, the Federal Deposit Insurance Corp. and others to safeguard the sensitive data they hold after the Trump administration threw one of the nation’s banking regulators into turmoil.

DOGE gained access to systems and databases with personally identifiable information of “nearly all” Americans and confidential supervisory information of financial institutions, according to the letter addressed to Fed Chair Jerome Powell and the heads of the FDIC, the Office of the Comptroller of the Currency and the National Credit Union Administration.

A White House spokesman defended DOGE and its mission in a statement. “Slashing waste, fraud, and abuse, and becoming better stewards of the American taxpayer’s hard-earned dollars might be a crime to Democrats, but it’s not a crime in a court of law,” he said.

The Trump administration has discussed a dramatic reshaping of U.S. financial regulators, including by potentially consolidating oversight of banks under the Treasury Department. Other bank regulators have been bracing for potential upheaval after the CFPB was targeted in recent days.

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