Charlene Crowell, a senior fellow with the Center for Responsible Lending, highlights how the current administration’s efforts to defund or undermine the Consumer Financial Protection Bureau (CFPB) hurt working families while protecting Wall Street and corporate interests. Court rulings have now forced the administration to restore CFPB funding, reinstate employees, and resume its oversight work, which prevents billions in consumer losses from predatory financial practices.
Tag: Mike Calhoun
Posted inOpinion
A brutal – not beautiful bill – cuts consumer protection funding in half
Charlene Crowell is a senior fellow with the Center for Responsible Lending. This week she warns that the newly passed budget bill slashes consumer protection and student loan support, threatening financial stability for millions while benefiting the wealthy.