Released: February 12, 2025

Consumers don’t need tricky loans or a repeat of financial crisis

Source: Susan Tompoor, Detroit Free Press

For years, I told consumers who ran into problems with their auto loans, mortgages, credit cards, payment apps, student loan servicers, credit reports and more to reach out to the Consumer Financial Protection Bureau and file a complaint.

It's the go-to federal agency for reporting financial fraud, hidden fees, scams, abusive practices and more. The one-stop shop for protecting consumers. This week, no more.
The Trump administration moved to shutter the Consumer Financial Protection Bureau.

"The CFPB has made sure that the most aggressive and least responsible lenders are held accountable," said Mark Zandi, Moody's chief economist.

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