Musk wants to abolish consumer agency that has been a ‘model of efficiency’
Musk wants to abolish consumer agency that has been a ‘model of efficiency’
"This is systemic corruption at a grand and intolerable scale," one advocate said of the billionaire's call to "delete" the Consumer Financial Protection Bureau.
Summary
Elon Musk wants to “delete” the Consumer Financial Protection Bureau (CFPB), which has returned nearly $20 billion to Americans since its creation after the 2008 financial crisis.
Critics, including Public Citizen, argue Musk is driven by conflicts of interest, as the CFPB recently finalized a rule to supervise large tech companies offering digital payment services, a business Musk appears poised to enter.
“In short, Musk is calling for elimination of the consumer protection regulator over a business line he seems poised to enter… This is systemic corruption at a grand and intolerable scale,” one advocate said.
The CFPB has long faced opposition from corporations and conservatives but is praised for combating financial abuses and protecting consumers.
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Life is grand if you are a narcissists in USA.
A very rich narcissist at least.
No not just the rich, narcissism is not only accepted but respected in USA. Stand your ground, discriminate minorities, falsify historic events, and generally cheat and lie. You can do these things and become a local or even national hero, AND President of the USA!
It's all accepted and legal to a way higher degree than other countries that are economically comparable.narcissism is not only accepted but respected in USA
america needs the Law of Jante.
Absolutely, it's insane how many Americans call USA God's country, and the Bible preaches to be humble, which is kind of what the Jantelov is about, but being humble is completely alien to most of the Americans that claim they are Christian.
Most of Christianity is alien to most Americans who claim they are Christian