Consumer Protection at Risk: What CFPB Budget Cuts Mean for Your Finances

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 As the CFPB faces potential staff cuts of nearly 90%, consumers may lose protections against predatory financial practices and find it harder to resolve complaints against banks and lenders. 

Advertising Disclosure: When you buy something by clicking links within this article, we may earn a small commission, but it never affects the products or services we recommend. The Consumer Financial Protection Bureau stands at a crossroads as the Trump administration pushes to reduce its staff and operations dramatically. Created in the aftermath of the 2008 financial crisis to be consumers’…

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