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What will be the status of the CFPB under the Trump administration by the end of 2025?
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Elon Musk•Consumer Financial Protection Bureau•CFPB•Donald Trump•Musk•Trump•Google•Sundar Pichai•Pichai•Republicans
Resolution / Starting Odds
Eliminated • 25%
Significantly restructured • 25%
Unchanged • 25%
Other • 25%
Official U.S. government announcements or credible news sources reporting on the status of the CFPB.
Story
Elon Musk Calls for Elimination of CFPB After New Rule on Digital Payments Under Trump
Nov 27, 2024, 03:30 PM
Billionaire Elon Musk has called for the elimination of the Consumer Financial Protection Bureau (CFPB), emphasizing a renewed threat to the agency under President-elect Donald Trump. This call comes shortly after the CFPB finalized a rule aimed at increasing oversight of nonbank digital payments to combat fraud. Musk's influence in shaping tech policy is becoming evident, particularly following his participation in a call between Trump and Google CEO Sundar Pichai, which reportedly surprised Pichai. The CFPB has historically been a target for Republicans and business advocacy groups, and Musk's statements signal potential changes in regulatory approaches as the Trump administration prepares to take office.
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Abolished • 25%
Merged with another agency • 25%
Restructured but remains independent • 25%
No significant changes • 25%
New director appointed • 25%
Interim director appointed • 25%
Current director remains • 25%
Other leadership change • 25%
FDIC abolished • 25%
FDIC powers reduced • 25%
No change to FDIC • 25%
Other outcome • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
SEC powers reduced • 25%
OCC powers reduced • 25%
CFPB powers reduced • 25%
No changes • 25%
Elon Musk • 25%
Vivek Ramaswamy • 25%
Another candidate • 25%
No appointments made • 25%
FDIC abolished • 25%
CFPB abolished • 25%
Both abolished • 25%
Neither abolished • 25%
