Billionaire entrepreneur Elon Musk has once again expressed his disdain for the Consumer Financial Protection Bureau (CFPB), a US government agency responsible for protecting consumers in the financial sector. In a recent statement, Musk declared “CFPB RIP,” indicating his desire to see the agency eliminated.

This is not the first time Musk has called for the abolition of the CFPB. Last year, he publicly expressed his opposition to the agency, citing concerns over its efficiency and effectiveness.

Musk’s latest comments come as the Department of Government Efficiency (DOGE) has initiated a review of the CFPB. The review is expected to examine the agency’s operations and determine whether it is fulfilling its intended purpose.

The CFPB was established in 2010 as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Its primary goal is to protect consumers from unfair and deceptive financial practices. However, the agency has faced criticism from some who argue that it oversteps its authority and imposes unnecessary regulations on financial institutions.

Musk’s opposition to the CFPB is likely driven by his own experiences with the agency. As the CEO of Tesla and SpaceX, Musk has had dealings with the CFPB in the past, particularly with regards to the financing of Tesla vehicles.

While it is unclear what the outcome of the DOGE review will be, Musk’s comments are likely to add fuel to the debate over the future of the CFPB. As a prominent business leader and innovator, Musk’s opinions carry significant weight, and his opposition to the agency could potentially influence policymakers.

Ultimately, the fate of the CFPB will depend on the findings of the DOGE review and the actions of lawmakers. However, one thing is clear: Elon Musk will continue to be a vocal critic of the agency until it is reformed or eliminated.