Trump could dismantle newly built guardrails around your wallet, consumer groups warn
Under President-elect Donald Trump, whose supporters have pledged widespread deregulation of businesses that handle American funds, consumer activists say they are bracing for significant changes at one of Washington's newest financial watchdogs.
According to individuals who spoke to NBC News, the Consumer Financial Protection Bureau is considering which proposed regulations to finalize before Republicans regain control of the House, Senate, and White House in less than two months.
The CFPB, which was established by the Federal Reserve during the 2008 financial crisis and was the brainchild of Senator Elizabeth Warren, D-Mass., repealed banking restrictions during Trump's first term while also scoring some victories for consumers. They included crackdowns on data breaches and a $1 billion ...