** The 'More Sinister' Reason Behind Musk's Attack on Consumer Agency
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February 9, 2025

The Trump administration's multi-pronged attack on the CFPB continues.

President Donald Trump's new acting director of the Consumer Financial Protection Bureau, Russell Vought, told the agency to cease nearly all its operations in a series of orders on Saturday night and the move is not just a gift to the broader financial industry and large Wall Street banks, say critical observers, but also a major potential gift to billionaire Elon Musk ([link removed]) , the world's wealthiest person, who has a major vested interest in the agency's demise.
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