The Consumer Financial Protection Bureau (CFPB) under the Trump administration has been gutting consumer protections for four years, putting low-income families at risk of exploitation by predatory lenders. The incoming Biden administration should prioritize restoring and strengthening federal consumer protections to prevent further harm to these families.
The Trump administration and allied interests have sought repeatedly to erode the bureau’s independence and authority by reducing its transparency, dropping some investigations, delaying or scrapping regulations, and successfully challenging the bureau’s independent structure in court. The bureau is the United States’s only federal financial watchdog — its erosion has left people with dangerously...
To read the full text, please see The Hill: Biden Administration Should Restore, Strengthen Consumer Protections
