The Senate has voted to overturn key regulations that granted the Consumer Financial Protection Bureau supervision over payment services operated by platforms such as PayPal, Google, and Apple.
The largely party-line 51-47 vote on Wednesday is part of a broader campaign by the Trump administration to defang the CFPB, an agency created through the landmark Dodd-Frank financial reform of 2010 and championed by progressives like Sen. Elizabeth Warren (D-Mass.) Sen. Josh Hawley (R-Mo.) was the only Republican joining Democrats in opposing the resolution.
