US EditionWhat does having the Consumer Financial Protection Bureau on hold mean for consumers?
- The Consumer Financial Protection Bureau is on hold, as directed by the Trump administration, according to Russell Vought, the director of the Office of Management and Budget.
- During the Biden administration, the CFPB capped bank overdraft fees and removed medical debt from credit reports, which had the potential to improve credit scores, as noted by the CFPB.
- Consumer advocates, including NAACP President Derrick Johnson, state that without the CFPB's oversight, consumers, especially in Black and Brown communities, will face increased risks of fraud and predatory lending.
- Industry leaders like Lindsey Johnson criticized the CFPB's work under Biden as aggressive and lacking proper oversight, as described in statements from the Consumer Bankers Association.
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39 Articles
39 Articles
All
Left
5
Center
26
Right
4
Coverage Details
Total News Sources39
Leaning Left5Leaning Right4Center26Last UpdatedBias Distribution74% Center
Bias Distribution
- 74% of the sources are Center
74% Center
14%
C 74%
11%
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