Tech billionaire tapped by Trump posts on X about wanting to eliminate Consumer Financial Protection Bureau (CFPB)Elon Musk has said he wants to “delete” the Consumer Financial Protection Bureau (CFPB), a federal watchdog that helps protect consumers from predatory financial practices.The tech billionaire, who has been tapped to run a “Department of Government Efficiency” in the incoming Donald Trump administration, posted “Delete CFPB” on X, the social media site he owns. He added a declaration that the agency, which employs 1,700 people and has an annual budget of close to $700m, is an example of “too many duplicative regulatory agencies” in Washington. Continue reading…
Source link : https://www.theguardian.com/technology/2024/nov/28/elon-musk-cfpb-trump
Author : Edward Helmore in New York
Publish date : 2024-11-28 16:40:51
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Elon Musk calls to ‘delete’ US finance consumer watchdog agency
