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"Trump’s CFPB Is Opening the Gates for Fintech and Crypto"
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"The Trump administration has announced plans to significantly weaken the CFPB, which was established in the wake of the 2008 financial collapse to protect consumers from abusive lending practices. The agency has been successful in cracking down on junk fees, expanding its scope to include fintech and digital payments, and refunding billions to defrauded consumers. However, the administration's plans to shift resources away from enforcement and supervision and deprioritize certain regulatory work could have devastating consequences for consumers and the economy."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqcxwturs6tupm30z8m5rtdgtm7srx3yxq0cgyqvyc7vzwhrtehq8qntej22\nhttps://images.jacobinmag.com/wp-content/uploads/2025/04/22065322/GettyImages-2210102703-900x600.jpg\nSteering the country toward another potential financial crisis, the Trump administration has moved to completely gut the federal regulatory agency tasked with reining in the very financial institutions currently making the president’s allies rich. The president’s attacks on the government’s financial regulator are a stunning about-face from 2016, when Trump first campaigned on reinstating tough banking regulations. [\u0026hellip;]\nhttps://jacobin.com/2025/04/trump-cfpb-deregulation-vought-finance/",
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