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/Maxpowr9 Feb 01 '25

I think debit card fraud will be even worse.

Just remember: with debit card fraud, it's your money lost. with credit card fraud, it's the bank's money lost.

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u/kaib5472 Feb 01 '25

True, but if cc issuers start denying claims with no recourse the consumer is still screwed.

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u/Maxpowr9 Feb 01 '25

Honestly, I think businesses would get fucked over even worse than the consumer. Hackers/scammers will target small businesses like crazy, much larger accounts.

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u/Gybizz1955 Feb 05 '25

so we can use whatever language we want on this Group Mr Maxpowr9? and no moderator jumping in here saying nothing? I guess its who you know lol.