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.

  • Flying Squid
    link
    592 days ago

    I like how all of these articles post ‘could’ as if that’s not exactly what he’s going to try to do.

    • @[email protected]
      link
      fedilink
      372 days ago

      I love how they’re all being published after the elections. As if no one knew about any of it beforehand.

        • Flying Squid
          link
          82 days ago

          They wanted a horse race when the opposite of what happened should have been obvious, and they got what they wanted.

      • Idk about that… Was seeing plenty of news about what Trump planned (or had the concept of a plan) to do before the election. But considering how so many people still didn’t fucking know, I wouldn’t be surprised if they crank out more articles about the same shit that the same ignorant people with their head stuck in the sand are still not going to see.

  • @[email protected]
    link
    fedilink
    302 days ago

    Oligarch from the capital class will use his power to weaken the working class? No way, unbelievable

  • @eran_morad
    link
    172 days ago

    Fucking bring it. We need to feel the pain in order to understand our collective stupidity and retain some hope for correcting course.

    • @Paddzr
      link
      42 days ago

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

        • @model_tar_gz
          link
          22 days ago

          The schools will be dismantled until critical thinking improves.

  • @Postmortal_Pop
    link
    92 days ago

    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?

    • @[email protected]
      link
      fedilink
      72 days ago

      FDR’s job was to save capitalism from the jaws of socialism. Granted, I’m glad Stalinism didn’t catch on in the USA, since the american socialist movement was majorly Stalinist at that time, but capitalism has long outlived its progressive role and now is only a naked form of class oppression. Transforming the USA into a social democracy is no longer possible as the ruling class is no longer split on this issue as they were in FDRs time.

      Noone is coming to save us. We have to save ourselves and each other. Get educated, get organized, get active.

  • @systemglitch
    link
    02 days ago

    It would be nice if articles were about what he did and not what he could do.