Earth’s richest person Elon Musk, President-Elect Donald Trump’s cost-cutting czar, identified a fresh federal government enemy: The Consumer Financial Protection Bureau, a relatively new agency created following the Great Recession.

Elon Musk on Wednesday called for the elimination of the Consumer Financial Protection Bureau, an agency that was founded in 2010 with a broad mandate to protect Americans from unfair and predatory financial practices.

Billionaire, automaker and space entrepreneur Elon Musk says he would like to "delete" the Consumer Financial Protection Bureau as part of his purported dr

Delete CFPB,” Elon Musk, the billionaire tech executive running the “Department of Government Efficiency,” said in an early-morning post on X.

Elon Musk took to social media Wednesday to demand the shutdown of the Consumer Financial Protection Bureau (CFPB). Musk is

The agency aims to protect consumers from unfair, deceptive or abusive financial practices by taking action against companies that break the law. In 2022, the CFPB ordered Wells Fargo to pay $3.7 billion for “widespread mismanagement” that led to misapplied loan payments, wrongfully foreclosed homes and more.

President-elect Donald Trump and Republicans in Congress are weighing vast changes to the federal watchdog agency formed in the wake of the 2008 banking crisis.

Elon Musk has asked social media users if funding for the Internal Revenue Service (IRS) should be "deleted" in a poll on X, formerly Twitter. "The IRS just said it wants $20B more money," Musk, who has been appointed to co-lead the informal Department of Government Efficiency under President-elect Donald Trump,

The comment on the Consumer Financial Protection Bureau follows Musk’s recent appointment to a government efficiency role, further amplifying the influence of the world’s rich