Tech billionaire Elon Musk signaled on Friday that he could seek to dismantle the Consumer Financial Protection Bureau, as he and his advisers — deputized by President Donald Trump to cut costs — burrowed into the federal watchdog formed to protect Americans from scams and corporate abuse.

The fate of a Biden-era rule that would keep medical debt from consumers’ credit reports is up in the air amid reported stoppages within the Consumer Financial Protection Bureau (CFPB) and the new | A rule barring medical debt from credit reports was set to go into effect in March,

The Consumer Financial Protection Bureau was told to cease operations on Monday shortly after President Donald Trump appointed Treasury Director Scott Bessent to serve as the watchdog agency’s acting director—appeasing Republicans, and tech executives, who have criticized regulations at the agency implemented under the Biden administration.