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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This is how they get us. They'll overwhelm with the volume of terrible shit that they're doing. We just won't be able to stop it all. We can organize and protest one thing at a time, But how can we organize to stop a thousand different things all happening at once?
Once they're back to putting children in cages and banning birth control, how are we really going to be motivated to rally around stopping the shutdown of a government bureau?
USA could've organized to stop thousands of different things all at once, but they decided to let it happen. That was on 5-NOV-2024.
Some people tried. Worth keeping them in mind when condemning the whole country as complicit.
I agree with you. I'm not blaming everyone.
That's good.
Everyone who could have voted Harris but didn’t is complicit. Or at least was fine with a Trump presidency.
That’s most people in the US.
Why do you think I'm talking about them? I said tried.
I’m not disagreeing with you. Just pointing out that most of the US is at fault for what’s to come.
Yep. Non voters asked for this, whether they realize it or not. Hope they enjoy the shit sandwich
Surly the face eating leopard won’t eat MY face…