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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.
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.
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.
11h
on MSN
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 ...
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 ...
7h
Consumer finance watchdog moving ahead with rulemaking, Reuters says
The U.S. consumer finance watchdog is moving ahead with rulemaking in the final weeks of Joe Biden’s Democratic administration, in a bid to ...
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
...
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 ...
5d
US CFPB finalises rule to supervise big tech digital payments
Regulatory supervision will involve detailed scrutiny to ensure compliance with federal law, a process banks routinely ...
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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