Summary
Consumer advocates warn that a Trump administration could dismantle key protections established by the Consumer Financial Protection Bureau (CFPB).
The CFPB, created after the 2008 financial crisis, has secured $20 billion in consumer relief under current leadership.
Trump allies propose eliminating the agency, prioritizing deregulation, and reversing rules on overdraft fees, credit card late fees, “buy now, pay later” services, and medical debt reporting.
While some measures might survive GOP control, critics fear weakened safeguards will leave consumers vulnerable to financial exploitation, especially in underserved communities.
I like how all of these articles post ‘could’ as if that’s not exactly what he’s going to try to do.
Fucking bring it. We need to feel the pain in order to understand our collective stupidity and retain some hope for correcting course.
You know it’ll be blamed on Biden… Even tho they inherited this economy they spent 4 years fixing.
OK, thanks for warning me about yet another thing I knew was going to happen. What’s the point of all these groups if none of them take any actions?
It would be nice if articles were about what he did and not what he could do.
