Released: February 28, 2025
Consumers need the CFPB. Remember the Great Recession?
Source: Michelle Singletary, Washington Post ( Paid Registration )
I know you’re upset about the price of eggs. So you might not know that Trump and Elon Musk are working to decimate the Consumer Financial Protection Bureau. Trust me, the fate of this vital agency will affect you, too. "The CFPB has returned over $21 billion directly to consumers,” Senator Warren said during a hearing this past week.
Think of the CFPB as a Doberman pinscher guarding your financial interests.
If they can’t destroy the agency, Trump and Musk will transform it from a fierce watchdog protecting consumers into a docile lapdog.
Read Full Article: Consumers need the CFPB. Remember the Great Recession?