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Trump’s Big, Brutal Attack on Consumers
Not-so-beautiful bill passes Senate, kills consumer protections
Since the beginning of his second Presidency, Trump has been working to kill the Consumer Financial Protection Bureau (CFPB).
Now, with Senate passage of the “Big, Beautiful Bill,” it seems that the end of the CFPB is near.
The brutal bill effectively removes core funding from the CFPB — in a climate where under Trump, the agency has dropped enforcement actions against a range of bad actors.
Should the House pass this bill, consumers will no longer have a federal champion able to right wrongs.
A shame, as since 2011, the CFPB has returned more than $21 billion to consumers harmed in financial schemes big and small — from big bank fraud to small-time payday predators.
Today, the Senate majority rammed through legislation that gives tax breaks to billionaires, cuts programs people rely on to meet their families’ crucial needs, and guts agencies, like the Consumer Financial Protection Bureau, that protect people from abusive corporate practices.
