Elon Musk’s campaign to shutter the Consumer Financial Protection Bureau will end up hurting the very people Donald Trump promised to safeguard.
Sens. Elizabeth Warren and Adam Schiff are alarmed about the weakening of the Consumer Financial Protection Bureau as Musk pushes a new digital payment platform.
Elizabeth Warren — got her wish. In 2010, Congress voted in favor of a sweeping financial overhaul that created the Consumer Financial Protection Bureau. The new watchdog, reviled by the banking industry,
The Senator is angry that she is losing control of her pet regulator, but she should blame her own design.
A pair of Senate Democrats demanded Department of Government Efficiency staffers associated with Elon Musk vacate the Consumer Financial Protection Bureau, saying their presence undermines an agency responsible for regulating the billionaire’s yet-to-be-released payments venture.