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American senator Elizabeth Warren is talking against efforts to weaken consumer financial protection office (CFPB)An agency that helped create in 2007.
She has He criticized both President Donald Trump and Elon Musk for his role in reducing the agency supportthat protects consumers from financial misconduct.
February 13 up to 100 CFPB employees They were fired After acting, the head of CFPB, Russell Vought, appointed by President Trump, blocked new funds. This decision The agenda of the Optimization Initiative of the Labor Force of the Efficiency Department of the Musk Government (Doge) followedwhich aims to reduce government spending.
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In February 12 interview with Mother JonesWarren declared:
The CFPB was created by Congress, and Congress, not Elon Musk, not Donald Trump, is the only one who can close it.
She argued that Large banks have opposed the agency since the beginning Because it prevents them from making money through deceptive practices. According to Warren, the CFPB has helped recover at least $ 21 billion For consumers affected by financial scams.
Warren believes that the motives of Musk and President Trump go beyond the budget cuts. She suggested that weakening the CFPB Help distract inflation concerns While also does Easier for Musk to boost your vision by x.
She noticed that musk has Financial losses were faced with X and is working to make it a financial platform that manages the personal financial data of the users. “You are moving to get the CFPB out of the way just before launching its money platform,” Warren said, Comparing it with a bank thief that triggers security before entering a bank.
Meanwhile, on January 16, the CFPB faced a lawsuit against two technological organizations, Technet and Netchoice. What happened? Read the full story.
Having completed a master’s degree in economics, politics and cultures of the Oriental Asia region, Aaron has written scientific documents that analyze the differences between Western and collective capitalism forms in the era after World War II.
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