US EditionReport Finds Trump-Era CFPB Changes Reduced Consumer Relief by $19 Billion
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.
72 Articles
72 Articles
The Press of Atlantic City
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.
A new report claims Trump-era changes quietly cost Americans $19 billion, and consumer advocates say it was avoidable
American consumers lost an estimated $19 billion in financial relief due to changes made at the Consumer Financial Protection Bureau during the Trump administration, according to a new report. As detailed by AP News, the estimate comes from the office of Sen. Elizabeth Warren, the top Democrat on the Senate Banking Committee and a longtime supporter of the agency. The report ties that figure to consumer protections the bureau either abandoned or…
Trump Administration Changes at Consumer Bureau Cost Americans Billions, Report Finds
A new report from Sen. Elizabeth Warren’s office says changes made by the Trump administration at the Consumer Financial Protection Bureau (CFPB) have cost Americans at least $19 billion in lost financial protections and relief. The CFPB was created after the Great Recession to protect consumers from unfair banking and financial practices. But according to the report, once the Trump administration took control of the agency in early 2025, that m…
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