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Published United StatesUpdated

Senate votes to strip the CFPB of its power to regulate X

  • The U.S. Senate voted to revoke the Consumer Financial Protection Bureau's rule on digital payment apps, allowing platforms like Venmo to operate without strict oversight.
  • Elon Musk's actions, including a call to 'Delete CFPB,' have coincided with the Senate's movement towards deregulating digital payment systems.
  • Every Republican senator who voted supported repealing the rule, except for Josh Hawley of Missouri, highlighting a significant party alignment on this issue.
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Bias Distribution

  • 50% of the sources lean Left
50% Left
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Americans for Financial Reform broke the news in on Wednesday, March 5, 2025.
Sources are mostly out of United States (7)

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