We don’t need the Consumer Financial Protection Bureau — we have courts
President Trump is in the process of all but shutting down the Consumer Financial Protection Bureau. He has even dropped several cases filed by the CFPB under former President Joe Biden’s watch. The agency aims to protect consumers from fraudulent practices in the financial industry.
Many are asking: If the CFPB goes out of business, who will be there to help consumers? The answer is one million lawyers. CFPB has been around for less than 15 years. Consumers were not helpless before then. We do not need more government agencies to police the marketplace — we have the plaintiffs’ bar.
I realize plaintiffs’ attorneys gets a bad rap in many circles. But the truth is, we need someone to police the marketplace. Private lawyers are a........
© The Hill
