Source: Federal News Network | Associated Press
Publication Date: February 9, 2025 | 3:56 pm
Link: Trump administration orders consumer protection agency to stop work, closes building<\/a><\/p>\n\n\n\n
Stephan: <\/p>\n\n\n\n
Did you vote for Trump? Is you did you are reasonable and complicit in the end of all consumer protection against scams. Your bank has implemented new fees, your credit card corporations have done the same? You were deceived into paying money for some benefit you didn\u2019t get? Trump is a scammer with a long history of deceit, and he has not removed any protection you have so his fellow scammers can deceive and cheat you. Aren\u2019t you glad you voted for a convicted criminal for President?<\/p>\n\n\n\n WASHINGTON, D.C. \u2014 The Trump administration has ordered the Consumer Financial Protection Bureau<\/a> to stop nearly all its work, effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.<\/p>\n\n\n\n Russell Vought, the newly installed director<\/a> of the Office of Management and Budget, directed the CFPB, in a Saturday night email confirmed by The Associated Press, to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama pushed to include it in the 2010 financial reform legislation that followed the 2007-2008 financial crisis.<\/p>\n\n\n\n The email also ordered the bureau to \u201ccease all supervision and examination activity.\u201d<\/p>\n\n\n\n On Sunday, administration officials also said that the CFPB\u2019s headquarters in Washington, D.C. would be [\u2026]<\/p>\n\n\n\n Read the Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Tuesday, February 11th, 2025 (schwartzreport.net) Author: Christopher RugaberSource: Federal News Network | Associated PressPublication Date: February 9, 2025 | 3:56 pmLink: Trump administration orders consumer protection agency to stop work, closes building Stephan: Did you vote for Trump? Is you did you are reasonable… Continue reading ![\"\"](\"https:\/\/www.schwartzreport.net\/wp-content\/uploads\/2025\/02\/image-14.jpg\")