You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Senate Votes to Overturn CFPB Rule on Digital Payments App, Boosting Elon Musk’s Plans for X

HeadlineMar 07, 2025

The Republican-controlled Senate voted to repeal a rule that would subject digital payment apps to the same consumer protections as credit cards and bank accounts. After the Consumer Financial Protection Bureau finalized the rule in November, Elon Musk called for the agency to be “deleted.” Musk is seeking to turn his social media site X into a digital payments app.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top