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Elon Musk wants to ‘delete’ federal financial watchdog
Elon Musk Wants to ‘Delete’ the Consumer Financial Protection Bureau
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.
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 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.
JD Supra
5h
CFPB Finalizes Open Banking Rule on Consumer Financial Data Rights
Our Financial Services Group unpacks the Consumer Financial Protection Bureau’s final rule on consumer financial data rights under Section 1033 of ...
The Boston Globe
4d
Trump and GOP eye new limits on Consumer Financial Protection Bureau
President-elect Donald Trump and Republicans in Congress are weighing vast changes to the
Consumer
Financial
Protection
...
USA Today
6d
US Consumer Financial Protection Bureau to supervise Big Tech payments, digital wallets
the U.S.
Consumer
Financial
Protection
Bureau
said. The new rule finalized on Thursday will bring a burgeoning ...
2d
on MSN
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 ...
The Hill
6d
Consumer watchdog to oversee digital wallets, payment apps
Large companies that offer digital wallets and payment apps will now be overseen by the
Consumer
Financial
Protection
...
6d
Tech giants get reality check: Government oversight incoming for financial services
The Consumer Financial Protection Bureau will now supervise tech firms that handle over 50 million transactions annually.
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Elon Musk
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