Elon Musk suggests to ‘delete’ another government agency under upcoming Trump administration: ‘Too many duplicative…’
3 weeks, 1 day ago

Elon Musk suggests to ‘delete’ another government agency under upcoming Trump administration: ‘Too many duplicative…’

Hindustan Times  

Billionaire Elon Musk suggested to abolish the Consumer Financial Protection Bureau, a financial watchdog, under the incoming Donald Trump's administration. Elon Musk, chief executive officer of SpaceX and Tesla and owner of X, did not offer any details about his proposal or an explanation for his belief that the CFPB is “duplicative” to other banking regulators The proposal comes amidst Trump's plans to eliminate the federal Department of Education. Project 2025 suggests eliminating CFPB The Heritage Foundation's conservative agenda, Project 2025, which Trump attempted to disassociate himself from during his campaign, also called for the CFPB to be abolished. On Rogan's show, Andreessen griped that the CFPB's job is to “terrorize financial institutions” and falsely asserted that it only acted at Warren's instruction.

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History of this topic

Consumer Financial Protection Bureau: the watchdog Republicans love to hate
1 week, 5 days ago

Consumer Financial Protection Bureau: the watchdog Republicans love to hate

Salon  

Elon Musk recently posted that he’d like to “delete” the Consumer Financial Protection Bureau. More than 50 million online users have accessed answers to common personal finance questions on the agency’s Ask CFPB database, like “How will shopping for an auto loan affect my credit?” and “What should I do when a debt collector contacts me?” In one of the …

Agency Trump and Musk want to 'delete' set to deliver $1.8B to scammed U.S. consumers
2 weeks ago

Agency Trump and Musk want to 'delete' set to deliver $1.8B to scammed U.S. consumers

Raw Story  

In the coming weeks, as President-elect Donald Trump's second term approaches and his pledge to dismantle key agencies potentially comes closer to fruition, 4.3 million consumers are set to receive checks from one of the agencies the incoming administration wants to "delete." The Consumer Financial Protection Bureau announced Thursday that it will soon begin distributing a historic $1.8 billion to …

Agency Trump and Musk want to 'delete' set to deliver $1.8 billion to scammed US consumers
2 weeks, 3 days ago

Agency Trump and Musk want to 'delete' set to deliver $1.8 billion to scammed US consumers

Raw Story  

In the coming weeks, as President-elect Donald Trump's second term approaches and his pledge to dismantle key agencies potentially comes closer to fruition, 4.3 million consumers are set to receive checks from one of the agencies the incoming administration wants to "delete." The Consumer Financial Protection Bureau announced Thursday that it will soon begin distributing a historic $1.8 billion to …

Elon Musk says DOGE will delete itself. Here's when it will happen
2 weeks, 6 days ago

Elon Musk says DOGE will delete itself. Here's when it will happen

India Today  

The Department of Government Efficiency, created by US President-elect Donald Trump to dismantle federal bureaucracy, has an expiration date, and co-leaders Elon Musk and Vivek Ramaswamy are committed to meeting the deadline. Since taking charge of DOGE, Musk has targeted key government agencies by proposing to “delete” them. Last week, Musk tweeted, “Delete CFPB,” referring to the Consumer Financial Protection …

Trump ally Elon Musk calls to ‘delete’ US consumer protection bureau
3 weeks, 4 days ago

Trump ally Elon Musk calls to ‘delete’ US consumer protection bureau

Al Jazeera  

Musk, a confidante of the president-elect, is set to co-lead Trump’s newly created Department of Government Efficiency. In an early-morning message on his social media platform X, Musk called for an end to the Consumer Financial Protection Bureau, an independent watchdog agency with oversight over banks and other financial institutions. Musk later responded affirmatively to a commenter who called for …

Musk’s government overhaul plan: 'Delete' bureau that returns billions to Americans
Trending News
3 weeks, 4 days ago

Musk’s government overhaul plan: 'Delete' bureau that returns billions to Americans

Raw Story  

Space X CEO Elon Musk is considering cutting the Consumer Financial Protection Bureau as part of his drastic government remaking under his new entity the Department of Government Efficiency, The Washington Post reported Wednesday. President-elect Donald Trump promised Musk he could start a government agency to cut government agencies. Since its founding, the bureau "secured more than $19 billion in …

Elon Musk wants to "delete" the Consumer Financial Protection Bureau, shifting power to Wall Street
3 weeks, 5 days ago

Elon Musk wants to "delete" the Consumer Financial Protection Bureau, shifting power to Wall Street

Salon  

Elon Musk on Wednesday called for the elimination of the Consumer Financial Protection Bureau, an agency that was founded in 2010 with a broad mandate to protect Americans from unfair and predatory financial practices. “Delete CFPB," Musk wrote in an X post Wednesday morning, calling the Federal Reserve-funded agency an example of “too many duplicative regulatory agencies” in the federal …

Elon Musk says he and Trump have ‘mandate to delete’ regulations. Ethics laws could limit Musk role
1 month, 1 week ago

Elon Musk says he and Trump have ‘mandate to delete’ regulations. Ethics laws could limit Musk role

Associated Press  

In picking billionaire Elon Musk to be “our cost cutter” for the U.S. government, President-elect Donald Trump won’t be the first American president to empower a business tycoon to look for ways to dramatically cut federal regulations. “He’s now in a position to try and curry favor for those enterprises.” Musk is also more influential, having pumped an estimated $200 …

Elon Musk says he and Trump have 'mandate to delete' regulations. Ethics laws could limit Musk role
1 month, 1 week ago

Elon Musk says he and Trump have 'mandate to delete' regulations. Ethics laws could limit Musk role

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “He’s now in a position to try and curry …

Trump's Presidential Transition Gets Into Full Swing: Live Updates
1 month, 1 week ago

Trump's Presidential Transition Gets Into Full Swing: Live Updates

Huff Post  

Elon Musk called for the abolition of a federal agency that protects ordinary Americans from being ripped-off by the financial sector. The billionaire on Wednesday signaled he has his eye on the Consumer Financial Protection Bureau ahead of leading a central government cost-cutting drive in the Trump administration. His tweet was a response to a clip of “The Joe Rogan …

Elon Musk supports radical change in who controls America’s supply of money
1 month, 1 week ago

Elon Musk supports radical change in who controls America’s supply of money

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk signaled his support for abolishing the Federal Reserve …

With Trump’s win, Elon Musk stands to benefit
Trending News
1 month, 2 weeks ago

With Trump’s win, Elon Musk stands to benefit

NPR  

With Trump’s win, Elon Musk stands to benefit toggle caption Anna Moneymaker/Getty Images On Wednesday morning, following the U.S. election, Elon Musk posted what appeared to be an AI-generated image of himself on X, the social media platform he owns. Musk could be Trump’s new “Secretary of Cost Cutting” In August, Musk floated the idea of creating a “government efficiency …

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