Elon Musk has said he wants to “delete” the Consumer Financial Protection Bureau (CFPB), a federal watchdog that helps protect consumers from predatory financial practices.
The tech billionaire, who has been tapped to run a “Department of Government Efficiency” in the incoming Donald Trump administration, posted “Delete CFPB” on X, the social media site he owns. He added a declaration that the agency, which employs 1,700 people and has an annual budget of close to $700m, is an example of “too many duplicative regulatory agencies” in Washington.
