‘Alarming’: Trump CFPB Drops Cases Against Companies Accused of Cheating Consumers

Consumer advocates have criticized the Trump administration for dropping enforcement actions against companies accused of fraudulent activities. The Consumer Financial Protection Bureau (CFPB), under temporary leader Russell Vought, dismissed cases involving companies like Capital One and Pennsylvania Higher Education Assistance Agency (PHEAA). These actions have been seen as a betrayal of the agency’s mission to protect consumers. Critics argue that this move sends a dangerous message that financial fraud and abuse will go unchecked. — news from Common Dreams

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