Reported about 20 hours ago
The Trump administration has ordered the Consumer Financial Protection Bureau (CFPB) to cease nearly all operations, effectively shutting down an agency intended to safeguard consumers after the 2008 financial crisis. Director Russell Vought's directive halts work on proposed rules and investigations, raising concerns about the agency's ability to protect consumers. This move has reignited tensions between populism and regulatory reduction within Trump's agenda, as the CFPB has historically been a target for conservatives and has played a significant role in obtaining financial relief for consumers.
Source: YAHOO