Sense. Elizabeth Warren, D-Mass, Center, Amy Klobuchar, D-Minn. And Senate Minorities Leader Charles Schumer, DN.Y.
Tom Williams | CQ Roll Call | Getty pictures
Democrats headed by Massachusetts Senatory, Elizabeth Warren, Trump Management and Elon Musk, the Consumer Financial Protection Bureau held a forum against the actions to neutralize.
The event helped a mortgage broker who said the agency’s agency, the cfpb’s suffering industry and help the Bureau help control.
However, focusing in the spotlight of the senators, was an elon musk, which was the power of driving behind the so-called government’s efficiency department. According to Musk Washington, DC, Warren, it did not create a look.
Deputies asked the casculinard that they were based on the conference of disassemble CFPB, emphasizing the last plan to start the digital payment service within its social media network.
“By seizing the agency’s control, the musk can now pass through all its potential information on CFPB’s potential competitors,” he said. “When Musk launches a new application, he controls CFPB. Its plan seems to eliminate the guard.”
A representative for Musk and X did not respond to commentary immediately.
At the beginning of this month, the operators from the DoGe, Burea’s new leadership, shortly before the agency’s headquarters, offered about 200 employees and sent. A CFPB Union, CFPB director Russell’s operation claimed to have a lawsuit in which the agency intends to shoot more than 95% of the employees.
“How do you justify the Elon, to close an agency that will look at your peers’ payment plan?” Sen. Amy Klobuchar, D.-MINN., Asked in a rhetoric during hearing. “How do you justify the jurisdiction and control agency on many other financial issues you will make money from doing?”
‘Hidden sauce’
Senator Chris Van Hollen, who answers a question from D.-MD, about what can do with Musk CFPB data, the Lorelei Salas, The The former CFPB Control Director said that the regulator maintained “Very Sensitive Trade Hidden Information”, including payment services PaypalCashapp and Zelle, as well as online lenders.
“We looked at a number of digital wallet companies, payment companies, and we have information … in the technology they use,” Salas said. “We have information about the hidden sauce of credit models, which will make you decide whether you do or not to credit with artificial intelligence.”
At the end of last year, CFPB took steps to control the technical giant and payment firms that prefer the market, including the market Apple and the most of the three largest US largest banks allegedly investigated the operator of Paypal and Zelle Payment Network and fraud complaints.
Salas added that confidential information on CFPB’s companies has conflicts of the agency’s “very sensitive information”. Consumers often leave account numbers and other personal information complaints, agency sources.
Now, along with CFPB and his employees, in Limbo province, the question will be able to get the campaign to minimize the question. There is a federal judge stopped their effortsThey said they could not fire workers or could not clear the office information for the time.
“CFPB was excluded, but not dead,” Warren said, claiming that Congress could only close the office. “Lawyers ask the judges to apply the law in court, I am sure that they will win.”
