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Ars Technica

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US Politics

US Politics

Trump claims CFPB “destroys” people. Senators say killing it is a gift to Musk.

Ars Technica
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79% Informative

The Senate voted to block the Consumer Financial Protection Bureau from monitoring digital payments companies for fraud and privacy concerns.

The vote advanced a proposed joint resolution to the House of Representatives that "disapproves" of a final rule.

Republicans claim the rule "unnecessarily expands the CFPB ’s authority" and creates "barriers to innovation".