Voters' Economic Concerns Lift Trump

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The Hill

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Opinion: Elon Musk wants to ‘delete’ many Americans’ financial lifeline

Summary

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76% Informative

Frida Ghitis: Consumer Financial Protection Bureau has returned billions of dollars to consumers.

She says it's surprising that it's being targeted by Elon Musk , who wants to delete the agency.

Ghitis says the agency is doing important work that makes a real difference to financial institutions and lenders.

She asks: Why is an agency that has been so effective, and returned so much money to so many people, being targeted for “deletion?.

Neither Musk nor the incoming administration can completely eliminate the CFPB , whose funding comes from the Federal Reserve in a model, upheld by the U.S. Supreme Court , that is meant to protect it from political meddling.

Republicans and Democrats alike should ensure that firewall remains in place.

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formal

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English

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Hate speech