Why Trump and Republicans Hate the CFPB | WSJ
February 21, 2025
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6:10Now PlayingWhy Trump and Republicans Hate the CFPB | WSJ
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as posted by the channelIn President Trump’s effort to shave down the federal government, the Consumer Financial Protection Bureau was one of the first targets. But it’s always been controversial. Created in response to the 2008 financial crisis, the CFPB is essentially a watchdog for the American consumer. So what would happen to consumers if the agency designed to collect data from banks and financial companies to investigate fraud goes away?
WSJ explains what the agency does, why Republicans have always hated it and what happens now for consumers.
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