Reported 24 days ago
Elon Musk is reportedly working to dismantle the Consumer Financial Protection Bureau (CFPB) as he aims to turn X into a digital payments platform. Following the Trump administration's halt to the CFPB's activities, Musk's appeals to 'delete CFPB' have raised concerns about potential conflicts of interest as the agency would oversee X's financial operations. Critics argue that this move could allow Musk's company to avoid regulatory scrutiny while still pushing toward a comprehensive 'everything app' model.
Source: YAHOO