Musk calls for abolishing consumer finance agency

Musk Calls for Abolishing Consumer Agency GOP Has Long Targeted
Billionaire Elon Musk called for eliminating the Consumer Financial Protection Bureau, highlighting the renewed threat under President-elect Donald Trump to a regulatory agency that has long been a target of Republicans and business advocacy groups.
Elon Musk Homes In On New Government Target: Consumer Financial Protection Bureau
Earth’s richest person Elon Musk, President-Elect Donald Trump’s cost-cutting czar, identified a fresh federal government enemy: The Consumer Financial Protection Bureau, a relatively new agency created following the Great Recession.
Musk calls for abolishing consumer finance watchdog targeted by Republicans
Billionaire Elon Musk, tasked with slashing government costs by U.S. President-elect Donald Trump, on Wednesday called for the elimination of a federal regulatory agency charged with protecting consumers in the financial sector.
Elon Musk wants to ‘delete’ federal financial watchdog as ‘DOGE’ begins work
Delete CFPB,” Elon Musk, the billionaire tech executive running the “Department of Government Efficiency,” said in an early-morning post on X.
Elon Musk Demands Shutdown Of Consumer Bureau
Elon Musk took to social media Wednesday to demand the shutdown of the Consumer Financial Protection Bureau (CFPB). Musk is
Musk calls for abolishing consumer protection agency
Under Biden and Director Rohit Chopra, the agency has cracked down on home foreclosures and bank overdraft fees.
Elon Musk names financial watchdog government agency he wants to ‘delete’
The agency aims to protect consumers from unfair, deceptive or abusive financial practices by taking action against companies that break the law. In 2022, the CFPB ordered Wells Fargo to pay $3.7 billion for “widespread mismanagement” that led to misapplied loan payments, wrongfully foreclosed homes and more.
Elon Musk wants to 'delete' a federal agency designed to prevent another financial crisis and protect people from scams
Republicans and the banking industry have accused the CFPB of regulatory overreach because it doesn't follow the usual congressional budget process.
Elon Musk wants to "delete" the Consumer Financial Protection Bureau, shifting power to Wall Street
The Consumer Financial Protection Bureau was created in 2008 to protect people from predatory financial practices
Elon Musk calls for abolishing consumer finance watchdog CFPB — a longtime GOP target
Meanwhile, the consumer finance watchdog is moving ahead with rulemaking in the final weeks of Biden's administration.
Exclusive: US consumer finance watchdog moves on new rules ahead of Trump takeover
The U.S. consumer finance watchdog is moving ahead with rulemaking in the final weeks of Joe Biden's Democratic ...
MyChesCo on MSN1d
CFPB Tightens Oversight on Digital Payment Giants in Groundbreaking Consumer Protection Rule
The Consumer Financial Protection Bureau (CFPB) has finalized a groundbreaking rule to enhance oversight of the largest ...
Regulators will oversee cash apps including Apple, PayPal
The Consumer Financial Protection Bureau will start overseeing non-bank companies that offer financial services like online ...