Trump Administration Targets Overhaul of Consumer Financial Protection Bureau
TL;DR Summary
President-elect Donald Trump and Congressional Republicans are considering significant changes to the Consumer Financial Protection Bureau (CFPB), aiming to reduce its powers and funding. This move aligns with the interests of major financial institutions like banks and mortgage lenders, which have opposed the CFPB's regulations under Democratic leadership, including efforts to eliminate "junk fees."
Topics:business#banking#consumer-financial-protection-bureau#financial-regulation#gop#politics#trump
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- The Big Changes Coming To Elizabeth Warren’s CFPB And Fintech Regulation Forbes
- Trump administration eyes potential heads of financial agencies Semafor
- Consumer Finance – Quick Takes on Potential Changes Under the New Trump Administration The National Law Review
- How CFPB is cracking down on banks before Trump takes office American Banker
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