Senate votes to strip the CFPB of its power to regulate X

The Senate voted on Wednesday to strip a key financial regulator of its ability to monitor digital platforms like X, as the social media company’s owner, Elon Musk, has become the public face of the government office seeking to shrink the agency’s workforce.

With the CFPB’s digital authority now in danger, two Democrats are calling on the Office of Government Ethics (OGE) to probe Musk’s compliance with federal ethics laws, given his financial interests and work with the Department…