Published 7 days ago • loading... • Updated 6 days ago

Musk business entanglements loom over CFPB siege

Summary by The Hill

Elon Musk’s plans to add payment services to X, his social media platform, are looming large over the Trump administration’s push to dismantle the Consumer Financial Protection Bureau (CFPB), The tech billionaire has long voiced his hopes of turning X into an “everything app” that would also function as a payment platform, a vision brought…

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The Hill

Musk business entanglements loom over CFPB siege

6 days ago·Washington, United States

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Sludge

House GOP Targets Rollback of CFPB Rule on Big Tech Payment Apps

💡Share this on Bluesky and XHouse Republicans announced they may seek to reverse a Consumer Financial Protection Bureau (CFPB) rule giving the agency oversight of Big Tech’s ventures into digital payments and prevent it from creating similar rules in the future.The GOP’s move would be a giveaway to Big Tech giants including Apple and Google, non-banking companies with payment apps that would come under the CFPB’s supervision. It would also be a…

6 days ago

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Denver Gazette

Trump admin denies plans to shutter CFPB, court papers say

(Reuters) - Lawyers for President Donald Trump's administration have denied that the White House intends to dismantle the U.S. Consumer Financial Protection Bureau, apparently contradicting statements the president himself made to reporters earlier this month.

7 days ago

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News Facts Network

Trump Administration to Keep CFPB, But in a ‘Streamlined’ Form - News Facts Network

The Trump administration confirmed plans to keep the Consumer Financial Protection Bureau (CFPB) operational, though... The post Trump Administration to Keep CFPB, But in a ‘Streamlined’ Form appeared first on News Facts Network.

7 days ago·Greensboro, United States

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American Banker

Justice Dept. insists 'there will continue to be a CFPB'

The Justice Department said in a legal brief that the Consumer Financial Protection Bureau will continue to exist, but said instead that the agency will have a smaller workforce and a reduced budget under the Trump administration.

7 days ago

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HousingWire

Trump administration says it will keep ‘streamlined’ CFPB running

The Consumer Financial Protection Bureau (CFPB) will keep operating despite recent moves made by the White House to scale back its operations and amid court challenges that accuse the Trump administration of systematically working to eliminate it. This is according to a U.S. District court filing in Washington, D.C., in which government attorneys quote Russell Vought, the director of the White House Office of Management and Budget (OMB) and the …

7 days ago

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