Quartz·1 min read·medium
Warren says Trump's CFPB overhaul has cost Americans $26.5 billion in scrapped fees and dropped cases
✦AI Summary
A Senate Banking Committee report claims that changes to the Consumer Financial Protection Bureau under the Trump administration resulted in $26.5 billion in lost savings for Americans. The losses are primarily attributed to the rollback of regulations regarding credit card late fees and overdraft charges.
A Senate Banking Committee minority report attributes most of the figure to the rollback of credit card late fee and overdraft fee rules
politicseconomy
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