Billionaire Elon Musk called for eliminating the Consumer Financial Protection Bureau, highlighting the renewed threat under President-elect Donald Trump to a regulatory agency that has long been a target of Republicans and business advocacy groups.
“Delete CFPB. There are too many duplicative regulatory agencies,” Musk wrote in a post on his social-media platform X early Wednesday.
Musk’s criticism is notable because he, alongside technology entrepreneur and fellow businessman Vivek Ramaswamy, has been tapped by Trump to run a new effort, dubbed the Department of Government Efficiency, which aims to slash the federal bureaucracy and reduce government spending.
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