More than 185 Democrats in the House and Senate are urging Trump Administration officials to restore the enforcement and supervisory powers of the CFPB.

“The Trump Administration has effectively fired the financial cop on the beat and declared open season for predatory lenders and scam artists working to steal Americans’ money and threaten their financial security,” the Democrats wrote, in a joint letter to Russell Vought, acting director of the CFPB and director of the Office of Management and Budget, and Treasury Secretary Scott Bessent, who served as acting director of the bureau for a short period of time.

They accused the administration of an incursion into the CFPB, adding that Vought has closed the CFPB building and ordered that all work at the bureau be halted.

The group said that dismantling the CFPB has long been a priority of big financial institutions it was created to regulate and the effort “to seize control of the CFPB’s inner workings is the clearest example yet that President Trump is willing to reward the billionaires who backed him, even at the expense of ordinary Americans.”

They continued, “We beat back all prior efforts to gut this agency, and we will fight this latest attack in Congress, the courts, and the public. It will fail.”

The members of Congress also expressed concern that employees of Elon Musk entered the CFPB building on February 6 and requested access to sensitive CFPB information. That, the Democrats said also “raises uncomfortable questions” if Musk’s company X launches a payments system as the CFPB has data on competitors. such as Cash App.

Among those signing the letter were Senate Majority Leader Senator Chuck Schumer, D-NY.; Senate Banking Committee ranking Democrat Elizabeth Warren, D-Mass.; and House Financial Services ranking Democrat Rep. Maxine Waters, D-Calif.

On the Republican front, House Financial Services Committee Chairman Rep. French Hill, R-Ark., and Senate Banking Committee Chairman Sen. Tim Scott, R-S.C. have introduced a Congressional Review Act resolution to nullify the CFPB’s overdraft rule. A CRA resolution only requires a majority vote in the House and Senate and cannot be filibustered in the Senate.

The House already has passed legislation that would make it easier to repeal rules under the CRA. Voting 212-208, the House has passed H.R. 77, which would allow en bloc consideration of resolutions to repeal rules that were issued during the last year of a president’s term. Republicans have accused the Biden Administration of issuing so-called midnight rules—regulations that are rushed to be finalized before a president leaves office.

In a statement, Hill said that the legislation, sponsored by Rep. Andy Biggs, R-Ariz., “is an important step in fighting back to rectify the misguided rulemakings at the end of the Biden-Harris era.”