Reported 5 days ago
Elon Musk's Department of Government Efficiency aims to reduce federal spending, putting the Consumer Financial Protection Bureau (CFPB) at risk of closure under the Trump administration. Industry leaders, such as Amplify Credit Union's CEO Kendall Garrison, argue that dismantling the CFPB could lead to increased fees for consumers and emphasize the agency's role in returning $21 billion to consumers. They call for reforms and heightened consumer protections, particularly for those of modest means.
Source: YAHOO