How Musk And Trump Are Making It Easier for Corporations To Take Your Money
Elon Musk and Donald Trump are making it easier for corporations to rip you off, and here’s how: Russell Vought, an architect of Project 2025, is now in charge of the Consumer Financial Protection Bureau (CFPB).
Musk and Vought want to shut down the Consumer Financial Protection Bureau, and they’ve already started. All CFPB staff have been told to stop working.
What does the Consumer Financial Protection Bureau do?
The Consumer Financial Protection Bureau does important work, including:
- Remove medical debt from credit reports
- Lower late fees on credit cards
- Limit how much banks can charge you on overdraft fees
- Go after student loan servicers for illegal debt collection tactics
- Charge companies like Cash App $ 175 million in fines for not properly addressing fraud claims
- Charge $ 3.7 billion in fines for Wells Fargo for widespread fraud and abuse
Overall, the Consumer Financial Protection Bureau has helped over 195 million people in the United States.
Their work has resulted in $ 19.7 billion in consumer relief, and they have levied over $ 5 billion in fines against corrupt corporations.
Why do Elon Musk and Project 2025 architect, Russell Vought want to shut down the Consumer Financial Protection Bureau?
Musk, the world’s richest man, wants to come after the CFPB, not because it’s government waste but because it holds people like him accountable. He and his team were given access to key systems within the CFPB, causing concern about the vast amounts of Americans’ sensitive information he has now obtained.
It protects Americans against corporate greed, and this all comes at the same time Musk wants access to your money.
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The post How Musk And Trump Are Making It Easier for Corporations To Take Your Money appeared first on MoveOn: People-Powered Progress.