Fri, February 14, 2025
Thu, February 13, 2025
Wed, February 12, 2025
Tue, February 11, 2025
[ Tue, Feb 11th ] - Forbes
LLC Tax Changes In 2025
Mon, February 10, 2025
Sun, February 9, 2025
Sat, February 8, 2025
[ Sat, Feb 08th ] - techUK
AI Action Summit: Day 1

US consumer bureau upheaval leaves consumers adrift, experts say


//business-finance.news-articles.net/content/202 .. pheaval-leaves-consumers-adrift-experts-say.html
Published in Business and Finance on Tuesday, February 11th 2025 at 14:21 GMT by Reuters   Print publication without navigation

  • The Trump administration's rapid dismantling of the U.S. consumer protection watchdog will have broad implications for consumers with credit cards, mortgages and bank accounts, leaving Americans with little recourse if they feel they are unfairly treated by their financial institutions,

The article from Reuters discusses the upheaval at the U.S. Consumer Financial Protection Bureau (CFPB) following the resignation of its director, Rohit Chopra, in early 2025. Experts warn that this leadership change, amidst ongoing legal challenges and political scrutiny, has left consumers vulnerable. The CFPB, tasked with protecting consumers from unfair, deceptive, or abusive practices in financial products and services, is now facing operational disruptions. This situation has raised concerns about the agency's ability to enforce regulations effectively, potentially leading to increased consumer risks in areas like mortgage lending, credit reporting, and debt collection. The article highlights the uncertainty regarding the bureau's future direction, the potential for weakened consumer protections, and the impact on ongoing investigations and rule-making processes.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/us-consumer-bureau-upheaval-leaves-consumers-adrift-experts-say-2025-02-10/ ]

Publication Contributing Sources