Fed Chair: Americans' bank accounts and payments system are 'safe'
In testimony on Capitol Hill Tuesday, Federal Reserve Chair Jerome Powell faced a barrage of questions about DOGE's access to millions of Americans' sensitive data at the Treasury Department -- and the shutdown of the Consumer Financial Protection Bureau (CFPB).
Powell repeatedly emphasized that Americans' bank accounts -- and the government's payments system that processes checks like Social Security -- are "safe." But he said the closure of the CFPB means there is no federal regulator protecting consumers against deceptive practices at the biggest U.S. banks.

-- ABC News' Cheyenne Haslett and Elizabeth Schulze






