Trump Administration Moves to Cut Agency That Protects Americans from Predatory Lending, Banking Fraud, and Financial Scams
The Consumer Financial Protection Bureau (CFPB)—the agency responsible for protecting Americans from predatory lending, banking fraud, and financial scams—is now under attack. Russell Vought, the new Office of Management and Budget Director, has moved swiftly to cut off the CFPB’s funding and shut down its enforcement activities. What is the CFPB and Why Does It…