The assault on consumer protection

Source: Komala Ramachandra, Human Rights Watch (The Hill)

The past year was not a great one for consumers or the Consumer Finance Protection Bureau, the agency mandated to regulate predatory lenders and abusive debt collectors. The Trump administration and its allies among special interests have worked to weaken the bureau’s rules and enforcement — they’re even challenging the legality of the bureau itself. Americans are left to fend for themselves in an increasingly complex arena of financial services. The result: mounting debt that prevents people from meeting their most basic needs.

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