Consumer Bureau Under Attack

Christine Hines of the National Association of Consumer Advocates (NACA) talks about the threat posed to the Consumer Financial Protection Bureau (CFPB) by Trump-appointed acting director Mick Mulvaney:

The Consumer Financial Protection Bureau is transforming before our eyes.

The independent federal agency has a new (ahem, not Senate-confirmed) leader whose goals and motivations are far removed from the agency’s mission to achieve and maintain a fair, fraud-free financial marketplace for consumers.

A negative outlook for the CFPB under its new leadership is warranted. And concern for its future is even more justified if its opponents in Congress and the financial industry manage to strip the agency of its current funding source.

MORE on the threat to consumers posed by Trump and his team>

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