CFPB's Uncertain Future Under Trump

This is a news story, published by MSN, that relates primarily to Musk news.

Musk news

For more Musk news, you can click here:

more Musk news

News about Us federal policies

For more Us federal policies news, you can click here:

more Us federal policies news

MSN news

For more news from MSN, you can click here:

more news from MSN

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best politics news, business news, entertainment news, and much more. If you like this article about Us federal policies, you might also like this article about

powerful financial watchdog agency

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Consumer Financial Protection Bureau news, CFPB news, news about Us federal policies, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

consumer watchdog agency

The Hill

•

Consumer watchdog faces daunting future under Trump

Summary

Nutrition label

73% Informative

The Consumer Financial Protection Bureau is likely to face efforts to weaken its regulatory powers under President-elect Trump .

The CFPB has been in Republican crosshairs since it was created through the 2010 Dodd-Frank Wall Street reform law to crack down on customer abuse in the financial system.

The agency is receiving new scrutiny after a warning from tech mogul and Trump ally Elon Musk .

Advocacy groups are already bracing for the new administration’s efforts to target the CFPB and roll back regulations.

Public Citizen co-president Robert Weissman pushed back on Musk 's call to “delete” the agency.

He also highlighted concerns about the tech billionaire's interest in trying to turn his social platform X into a payment platform.

As Musk takes on a prominent role in the Trump administration, his business portfolio has raised questions about conflicts of interest.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English