Why are Elon Musk and Russ Vought trying to dismantle the Consumer Financial Protection Bureau?

According to Elizabeth Warren, Musk and Vought's efforts to eliminate the CFPB represent a payoff to wealthy donors who invested in Trump's campaign. Despite Trump campaigning on helping working people, Warren suggests this move would benefit rich supporters who want to operate without regulatory oversight. If successful, this dismantling would allow CEOs and Wall Street to 'trick, trap and cheat' consumers by removing the agency designed to protect them in financial matters. Warren characterizes this as a scam that prioritizes wealthy interests over consumer protections.