The Fragile Future of Consumer Protections

This chapter explores recent changes in the Trump administration’s stance on the Consumer Financial Protection Bureau (CFPB), including efforts to stifle its funding and authority. The discussion highlights the agency's pivotal role in protecting consumers from fraud and the potential dangers of weakening its oversight, particularly in the context of escalating financial technology. It also critiques the public's indifference to these regulatory shifts and examines the implications for the financial industry and consumer trust.