Waters backs ‘undermined’ protection staff facing Trump’s ‘anti-consumer action’

February 25, 2019

One of the more egregious examples of President Trump’s attempt to dismantle parts of the federal government has been the ax taken to the Consumer Financial Protection Bureau (CFPB). Consumer protection in the financial services industry has been seriously eroded by a major drop in enforcement actions and staffing. Republicans in Congress have hated the Elizabeth Warren-inspired agency even before she became a Democratic senator from Massachusetts. Now Trump is draining its energy.