This chapter discusses the Senate's vote on a Congressional Review Act resolution concerning the CFPB's oversight of payment apps. Senator Warren argues against the resolution, highlighting the risks of increased scams and the potential for Elon Musk's X Money to exploit loopholes. She emphasizes the importance of consumer protection and preventing the richest individuals from controlling the financial system.
Senate vote on Congressional Review Act resolution regarding CFPB oversight of payment apps
Concerns over increased scams with weaker regulations
Elon Musk's X Money and potential for exploitation
Importance of consumer protection and preventing financial system control by billionaires