US EditionGutting the CFPB Could Leave You More Vulnerable to Financial Fraud. Here's Why
- The Trump administration is moving to weaken the Consumer Financial Protection Bureau by halting its work and cutting its funding, as reported after Russell Vought's appointment as acting director.
- Consumer advocates warn that eliminating the CFPB would have disastrous consequences for everyday Americans, as noted by Erin Witte, director of consumer protection at the Consumer Federation of America.
- Julie Margetta Morgan, a former associate director at the CFPB, stated that the agency has been crucial in protecting consumers from financial misbehavior, especially regarding medical debt.
- Senator Elizabeth Warren criticized the administration's actions, calling them a scam and warning of potential illegal access to sensitive business information by Elon Musk's companies.
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5 Articles
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Center
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Coverage Details
Total News Sources5
Leaning Left3Leaning Right0Center2Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 40%
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