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Consumer Protection and Political Power
This chapter explores the Consumer Financial Protection Bureau's recent actions, notably its decision to drop lawsuits against major banks regarding Zelle payment fraud. It critiques the growing influence of tech giants and wealthy investors on regulations, with a focus on the implications for consumer rights and financial safety. Additionally, the chapter examines the interplay between significant political figures, such as Trump and Musk, and their impact on public perception, regulatory balance, and the need for accountability in the financial and tech sectors.