Tag

#regulatory capture

When regulatory agencies are controlled by the industries they are supposed to regulate. Incidents involve appointment of industry figures to lead agencies, dismantlement of enforcement, and policies that benefit regulated industries at public expense.

1 incident

Updated March 26, 2026 Corruption & Self-Dealing
Serious Rights Violation Ongoing

CFPB Dismantlement While Musk Launches Competing XMoney Payment Service

Musk used his government role leading DOGE to dismantle the CFPB, the agency positioned to regulate his XMoney digital payments platform, while gaining access to competitors' confidential financial data — a textbook conflict of interest that multiple ethics bodies have flagged as potentially criminal.

Sources
8
CFPBDOGEconflict of interestXMoneyElon Musk