Earth’s richest person Elon Musk, President-Elect Donald Trump’s cost-cutting czar, identified a fresh federal government enemy: The Consumer Financial Protection Bureau, a relatively new agency created following the Great Recession.

Billionaire Elon Musk, tasked with slashing government costs by U.S. President-elect Donald Trump, on Wednesday called for the elimination of a federal regulatory agency charged with protecting consumers in the financial sector.

Delete CFPB,” Elon Musk, the billionaire tech executive running the “Department of Government Efficiency,” said in an early-morning post on X.

Musk, a confidante of the president-elect, is set to co-lead Trump’s newly created Department of Government Efficiency.

Under Biden and Director Rohit Chopra, the agency has cracked down on home foreclosures and bank overdraft fees.

Elon Musk, the tech billionaire and owner of X (formerly Twitter), has sparked controversy with his recent call to “delete” the CFPB.

Elon Musk took to social media Wednesday to demand the shutdown of the Consumer Financial Protection Bureau (CFPB). Musk is

Republicans and the banking industry have accused the CFPB of regulatory overreach because it doesn't follow the usual congressional budget process.

(Bloomberg) -- 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 ...

The Consumer Financial Protection Bureau was created in 2008 to protect people from predatory financial practices

Billionaire Elon Musk, tasked with slashing government costs by U.S. President-elect Donald Trump, on Wednesday called for the elimination of a federal regulatory agency charged with protecting consumers in the financial sector.