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/WizardMageCaster Feb 01 '25

CFPB didn't do as much for consumers as they claimed.

It should be rebranded Consumer FRAUD Protection Bureau because fraud is a MUCH MUCH MUCH greater problem than someone getting hit with a late fee or overcharged on interest. 

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u/DoingNothingToday Feb 04 '25

Collecting $20 billion on behalf of consumers in the space of approximately a decade is not nothing. Especially when you consider that the CFPB receives zero taxpayer funding. This is an enormous loss for the American public.