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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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The Press of Atlantic CityThe Press of Atlantic City
+7 Reposted by 7 other sources
Center

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…

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King5 News broke the news in Seattle, United States on Monday, February 9, 2026.
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