I’ve done a bit of searching, but I haven’t been able to find the justification being used to shutter the CFPB. One would think that consumer protections are a good thing, and that holding companies responsible for their actions that harm consumers would be a good thing. And one that is universally liked and has returned billions to consumers.
The obvious reason is so that they can screw over consumers, but they have to have at least a cover story that they are using to spin this as something good for the country and constituents, right?
I’m struggling here.
It’s simple. Consumer watch dogs are bad for exploitive profiteering. Musk is dismantling anyone with any oversight of his companies.
Edit And the reason given for all of it is fraud and bloat, and no evidence supplied and they’ll backtrack on every statement.