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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.

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