US EditionConsumer Financial Protection Bureau drops lawsuits against Capital One and Rocket Mortgage affiliate
- The Consumer Financial Protection Bureau has dropped lawsuits against Capital One and Vanderbilt Mortgage, raising concerns about consumer protection.
- David Silberman stated that if the CFPB disappears, non-depository institutions will not face the same regulatory scrutiny as big banks.
- During its fourteen-year history, the CFPB has won over $21 billion in compensation for victims of financial fraud and abuse.
- The withdrawal of lawsuits risks consumer exploitation through predatory loans and excessive fees without the CFPB's oversight.
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Hartford Courant+20 Reposted by 20 other sources
States look at shoring up consumer protections as Trump hobbles federal watchdog
By Kevin Hardy, Stateline.org Illinois state Sen. Mark Walker already was working on legislation to bolster the state’s protections for consumers. But now that President Donald Trump has attacked the federal government’s consumer watchdog, Walker said it’s even more important for Illinois to act. Walker, a Democrat, sponsored a bill to bolster the state’s existing bank regulator to help fill the void left by weakening of the federal Consumer Fin…
·Hartford, United States
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Total News Sources99
Leaning Left21Leaning Right8Center35Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 33%
C 55%
13%
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