Ep. 166 Explainer: What Dismantling the Consumer Financial Protection Bureau Will Cost Americans
Description
In the wake of the financial crisis of 2008, Congress established the Consumer Financial Protection Bureau, the CFPB. It protects Americans from predatory practices by consumer finance companies. The CFPB enforces federal laws and investigates fraud and abuse. It has sent over 6.8 million complaints to companies for resolution so far. The bureau has been targeted for massive cuts by the new administration which, thus far, have been blocked by a federal judge. Mallory SoRelle, a consumer finance expert and author of Democracy Declined: the Failed Politics of Consumer Financial Protection, talks with Manoj Mohanan, interim Dean of Duke’s Sanford School of Public Policy, about the CFPB and what dismantling it could mean for Americans.
United States
