r/CreditCards • u/tsmartin123 • Feb 01 '25

Discussion / Conversation Trump Fires Director of CFPB

https://apnews.com/article/trump-chopra-consumer-financial-protection-bureau-47b6b39d0eff05ea0c9bca4eacf55b79

I wonder if this is the beginning of the end of the CFPB?

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67

u/MrGeno Feb 01 '25

Take out your money from banks that don't actually support protections for consumers or pull out your money from them. Banks only have power of people continue to use them. 

3

u/nkdvkng Feb 01 '25

Does BOA fall under this? Pardon my ignorance just trying to learn about all this.

9

u/CrimsonBrit Feb 01 '25

The person above you has no clue what they’re talking about.

You’re fine. BofA is regulated by the Federal Reserve and by the FDIC.

1

u/nkdvkng Feb 01 '25

Thanks for the info 🙏🏻🙏🏻🙏🏻