Why Trump Wants To Shutter The Consumer Financial Protection Bureau
What A Day
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The Role and Impact of the CFPB
This chapter explores the establishment and objectives of the Consumer Financial Protection Bureau (CFPB) following the 2008 financial crisis, emphasizing its role in consumer protection against predatory practices. It discusses major successes of the agency, including recovering billions for consumers and regulating both traditional banks and fintech companies. The chapter also addresses political opposition to the CFPB, its ongoing challenges, and the risks consumers may face without its oversight in a rapidly evolving financial landscape.
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