|
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, the world's wealthiest person, who has a major vested interest in the agency's demise.
|
