Elon Musk Targets Consumer Financial Protection Bureau for Elimination

Elon Musk has called for the elimination of the Consumer Financial Protection Bureau (CFPB), aligning with President-elect Donald Trump's broader agenda to reduce federal regulatory agencies. Musk's statement comes as the CFPB finalizes regulations that could impact his X platform's payment services. While Trump has not explicitly called for the CFPB's abolition, he is expected to ease its regulatory agenda. Eliminating the CFPB would require congressional action, a challenging prospect given past unsuccessful attempts by Republicans to dismantle the agency.