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Will the CFPB be eliminated by the Trump administration in 2025?
3
Elon Musk•Consumer Financial Protection Bureau•CFPB•Donald Trump•Musk•Trump•Google•Sundar Pichai•Pichai•Republicans
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the U.S. government or credible news sources confirming the elimination 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%
Yes • 50%
No • 50%
SEC powers reduced • 25%
OCC powers reduced • 25%
CFPB powers reduced • 25%
No changes • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
New director appointed • 25%
Interim director appointed • 25%
Current director remains • 25%
Other leadership change • 25%
Yes • 50%
No • 50%
