This is a billionaires wet dream right here, eh Felon?
The Consumer Financial Protection Bureau will not receive its next scheduled tranche of federal funding, new acting director Russell Vought said Saturday night—after reportedly telling agency staffers to stop their work—a dismal sign for the bureau that has been targeted by Trump and tech billionaires including Mark Zuckerberg and Elon Musk, with Musk advocating for “deleting” the agency in his efforts to cut government spending.
Reining in the CFPB has long been a target of Republicans and tech executives after the Biden administration implemented new regulations to address predatory lending and credit card and banking fees.