Elizabeth Warren: “today's vote to proceed on this Congressional Review Act resolution should be renamed the ``Elon Musk `Get Out of Jail…”

“today's vote to proceed on this Congressional Review Act resolution should be renamed the ``Elon Musk `Get Out of Jail Free' Card.'' This resolution gives Elon Musk the ability to launch his xMoney site without worrying about breaking the law and getting caught. Of course, this is also a ``get out of jail free'' card for others like, Apple Pay and Google Pay and other online platforms that handle people's money, and there is a good reason to oppose it. This bill is another example of how Republicans in Congress, in conjunction with President Trump and Elon Musk in the White House, are sticking it to families and middle-class consumers all over America and declaring it open season for fraudsters. In fact, just a few hours ago, Trump and Elon dropped the Agency's lawsuit against Zelle and the big banks that own Zelle for failing to protect consumers from being scammed out of nearly $1 billion on their app. Now Republicans are trying to roll back the CFPB's ability to protect Americans from getting scammed on payment apps like Venmo and Cash App, and they are making it easier for unelected billionaire Elon Musk to cheat American consumers and line his own pockets. So here is the back story: Musk bought Twitter, lost buckets of money, then decided he could recover and make more money by setting up a new financial services arm called xMoney. Now, in ordinary times, he could do that, but the CFPB would be responsible for enforcing consumer financial laws for xMoney.…”