Reported about 19 hours ago
The Consumer Financial Protection Bureau (CFPB), created to protect consumers after the 2008 financial crisis, has been significantly weakened amidst political changes, leading to concerns about potential risky lending practices. While experts believe the housing market is more regulated now than before the crisis, the reduction of the CFPB's oversight raises fears that financial companies may adopt predatory practices. Consumers are advised to stay vigilant and informed when dealing with lenders, as the shift in CFPB’s operations could affect their protections.
Source: YAHOO