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Trump administration's changes to the CFPB cost Americans $19B, a new report says
The Trump administration’s reorganization led to fewer investigations and dropped lawsuits, reducing consumer relief from the bureau to less than 5% of complaints, costing $19 billion.
- A report found that Trump-era changes to the Consumer Financial Protection Bureau reduced consumer relief by $19 billion.
- The CFPB largely retreated from enforcement and regulatory work under the Trump administration, with few new investigations opened and many pending actions dropped.
- The report detailed instances where proposed regulations limiting overdraft fees and credit card late fees were blocked or overturned.
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Report: CFPB changes cost taxpayers billions
NEW YORK — One year after the Trump administration took control of the Consumer Financial Protection Bureau, the consumer watchdog largely retreated from enforcement and regulatory work, changes that consumer advocates and Democrats estimate cost Americans at least $19 billion…
Elizabeth Warren says Trump changes to consumer bureau cost Americans $19 billion - The Boston Globe
A report by the office of Senator Elizabeth Warren said the Consumer Financial Protection Bureau has abandoned major consumer protections, stalled investigations, and dismissed lawsuits.
·Boston, United States
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Total News Sources81
Leaning Left13Leaning Right3Center58Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
78% Center
L 18%
C 78%
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