Lawmakers Criticize Trump and Musk for Undermining CFPB and FTC Consumer Protections Amid Concerns Over Lina Khan's Leadership

Recent statements from several Democratic lawmakers, including Senators and Representatives, have raised concerns over actions taken by Donald Trump and Elon Musk that they claim undermine consumer protections in the United States. Senator Elizabeth Warren criticized Trump and Musk for allegedly weakening the Consumer Financial Protection Bureau (CFPB), arguing that this gives corporations a free pass to exploit consumers. Representative Pramila Jayapal echoed these sentiments, stating that the Federal Trade Commission (FTC) has historically defended consumer interests against major corporations, and lamented that Trump’s actions have favored his wealthy donors instead. Representative Jerry Nadler highlighted Trump's attempts to dismiss FTC officials, alleging that these actions, influenced by Musk, threaten the agency's mission of consumer protection. Nadler's remarks were supported by others, including Representative Mark Pocan, who emphasized that the rollback of consumer protections has worsened under Trump, leading to increased exploitation by billionaires and corporations. Pocan also mentioned a podcast featuring former FTC Chair Lina Khan, who has been recognized for her efforts to combat unfair pricing practices.