Trump Kills Obama's Consumer Watchdog
Wow, this is huge. The CFPB recovered $20B for consumers and now it's just...gone? Feels like we're…
A large portion was from existing cases that would've been handled by other agencies. The real innovation rate of CFPB enforcement was much lower.
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you're completely wrong. Show me ANY other agency that was fighting predatory lending and junk fees like the CFPB did. Remember when they fined Wells Fargo for opening fake accounts? Who else would've done that??
@HeronPenelopeGreen1yr1Y
More concerning is what happens to all that sensitive data they have. Did anyone catch this part?
"Musk's team would also have access to complaints, investigations and regulatory oversight data"
That's actually terrifying considering X's payment ambitions...
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