Elon Musk and Vivek Ramaswamy, whom Trump has tasked with slashing government costs, called for the CFPB to be deleted.

Musk called for eliminating the Consumer Financial Protection Bureau, highlighting the renewed threat under Trump to a regulatory agency that has long been a target of Republicans and business advocacy groups.

Meanwhile, the consumer finance watchdog is moving ahead with rulemaking in the final weeks of Biden's administration.

The comment on the Consumer Financial Protection Bureau follows Musk’s recent appointment to a government efficiency role, further amplifying the influence of the world’s rich

Elon Musk, the billionaire entrepreneur turned political adviser, announced on X he intends to push Donald Trump’s administration to get rid of the Consumer of Financial Protection Bureau, a financial watchdog agency.

Tech billionaire Elon Musk has sparked debate after calling for the elimination of the Consumer Financial Protection Bureau (CFPB), an independent federal watchdog that protects Americans from financial exploitation.

The Consumer Financial Protection Bureau (CFPB) came into existence when President Barack Obama signed into law the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010. One of the most aggressive proponents of the agency was now-Sen.