Reported about 7 hours ago
Billionaire Elon Musk has advocated for the abolishment of the Consumer Financial Protection Bureau (CFPB), asserting that there are excessive duplicative regulatory bodies. This call comes as part of a broader initiative led by President-elect Donald Trump to streamline government agencies and reduce spending. Musk's position highlights the ongoing political struggle surrounding the CFPB, which was established after the financial crisis and has faced various challenges and criticisms since its inception.
Source: YAHOO