Consumer Financial Protection Bureau Faces Potential Shutdown Amidst Political Debate
1 hour agoPolitics
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1 SourcesMemphis, Tennessee, United States
TBNthebalanced.news
Consumer Financial Protection Bureau Faces Potential Shutdown Amidst Political Debate

The Consumer Financial Protection Bureau (CFPB), established in 2010 to protect consumers in financial dealings, is reportedly facing potential extinction under a second Trump administration. Critics, including consumers and lawyers, describe the agency as a vital lifeline that has helped individuals correct financial errors and avoid predatory practices. Conversely, conservatives and industry groups have long targeted the CFPB, with the Trump administration labeling it a political weapon and a burden on free enterprise.

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