President George W Bush's top ethics attorney and a University of Minnesota law professor, Richard Painter, told CNN that Musk would have to recuse himself from matters concerning CFPB - which launched after the 2008 financial crisis and serves as a watchdog on the financial sector - or possibly violate criminal conflict of interest legislation.
Its CEO, Dennis Kelleher, told CNN that Musk “is trying to cripple an agency that is trying to protect consumers who he is trying to sell products and services to.”.
That type of program would usually be overseen by the Consumer Financial Protection Bureau - an agency Musk is trying to close through his Department of Government Efficiency.
You already told everyone their marching orders,” University of Utah law professor and former CFPB official Christopher Peterson told CNN.
A White House official told CNN: “As an unpaid special government employee who is not a commission officer, he will file a confidential financial disclosure report per the norm.”.
