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

Grade 2 of 5: Major Abuse of Power

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 conflict of interest that ethics watchdogs and senators have flagged as potentially criminal under 18 U.S.C. 208. No charge or official finding has been made.