EPIC🧵 Trump’s Administration is targeting the Consumer Financial Protection Bureau (#CFPB), which has returned over $21 billion to #consumers from unfair corporate practices.
Trump Administration’s Attacks...
Trump Administration’s Attacks...
🛑 In February, acting directors appointed under President Trump sent out stop work orders directing #CFPB staff to halt key operations, terminating hundreds of employees, and indicating that the CFPB will not accept its upcoming draw of funding from the #Federal Reserve.
đźš« Furthermore, unauthorized database access by the Department of Government Efficiency (#DOGE) blatantly violated the #Privacy Act, the Federal Information Security Modernization Act, and CFPB data access rules, compromising the #data of millions of Americans and #financial institutions.
The CFPB is the federal government’s designated watchdog against financial fraud and corporate misconduct. The Trump Administration’s overstep is a direct assault on #governmentethics and #consumerprotection. 🛡️💰
📖 The stakes are high with the CFPB's uncertain future. Read EPIC Law Fellow Caroline Kraczon’s blog on the major implications for #consumer protection, institutional accountability, and #market transparency:
Trump Administration’s Attacks...
Trump Administration’s Attacks...