Reported 2 days ago
Experts are divided on the consequences of a weakened Consumer Financial Protection Bureau (CFPB), suggesting that consumer financial protection responsibilities may shift to state governments. Concerns arise that important consumer safeguards, like medical debt reporting and Buy Now, Pay Later (BNPL) protections, could be reduced or scrapped with new leadership at the CFPB. While some argue the agency is crucial for protecting consumers from financial abuses, others believe state laws might fill any gaps left by the CFPB's diminished role.
Source: YAHOO