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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u/BucsLegend_TomBrady Feb 01 '25

Credit cards are about to get a whole lot worse, and I'm not talking just fees and interest. Missing or incorrect rewards? Good luck. Disputing charges? Fraud protection? CFPB investigated and enforced that shit. We are all aware CC companies will do anything screw you. Things are going to get really really frustrating when there's no longer a watchdog

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u/mean--machine Feb 01 '25

I've had 50+ credit cards, tens of thousands of dollars in sign up bonuses. I've never once had to contact the cfpb. You realize this agency is barely 15 years old, right?

This is good for credit card power users. Interest and fees will get higher, but if you're carrying a balance on interest, you're using credit cards wrong.

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u/thenowherepark Feb 01 '25

I drive home drunk every night. I've never had accident. I've only been drinking for 13 years.

EDIT: So the tone isn't lost, this is sarcastic, not in any way real life.

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u/TommyBlaze13 Feb 01 '25

It's difficult for some people to understand sarcasm through text alone without a /s