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Trump’s consumer protection cuts have cost Americans $18B, groups say

UNITED STATES, JUN 24 – The rollback halted fee caps and enforcement actions, causing consumers to lose $15 billion annually and forfeiting $50 million in redress payments, consumer groups said.

Summary by Star Advertiser
President Donald Trump’s rapid pullback of the Consumer Financial Protection Bureau has cost Americans at least $18 billion in higher fees and lost compensation for consumers allegedly cheated by major companies, according to an analysis released today by two organizations.

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Invezz broke the news in on Tuesday, June 24, 2025.
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