Democratic Senators Including Elizabeth Warren Seek Investigation Into FHFA Shakeup, Fannie Mae, Freddie Mac, and CFPB Workforce Cuts

Ten Democratic senators have requested an independent federal watchdog to investigate recent leadership changes at the Federal Housing Finance Agency, which oversees mortgage giants Fannie Mae and Freddie Mac. This move reflects concerns among Democrats about potential instability at the housing regulator. Separately, Massachusetts Senator Elizabeth Warren, alongside other senators including Republican Jim Banks and Democrat Andy Kim, is probing the impact of private equity investments on the firefighting equipment industry. Fire departments nationwide have reported soaring prices, defective parts, and long wait times for new fire engines. Additionally, Warren and Kim have called for investigations into efforts to reduce the Consumer Financial Protection Bureau's workforce and cancel its contracts, highlighting ongoing scrutiny of regulatory agencies and their operations.