Advocates say they’re bracing for a sharp reversal at the Consumer Financial Protection Bureau after four of the most aggressive years in its brief history.

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.

  • @Paddzr
    4•1 day ago

    You know it’ll be blamed on Biden… Even tho they inherited this economy they spent 4 years fixing.

      • @model_tar_gz
        2•1 day ago

        The schools will be dismantled until critical thinking improves.