Elon Musk calls to ‘delete’ US consumer finance watchdog
by Edward Helmore in New York from Technology | The Guardian on (#6SJGJ)
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.
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