Trump Administration's Changes to CFPB Cost Americans $19 Billion: New Report

The Trump administration's changes to the CFPB have resulted in a significant loss for Americans, with a new report estimating that the cost will reach $19 billion one year after the bureau's overhaul. The CFPB's shift from enforcement and regulatory work has led to reduced consumer protections and a lack of oversight on financial institutions. As a result, consumers are paying a substantial price for these changes, which have been deemed a failure by many experts. The report highlights the significant negative impact of the Trump administration's actions on the CFPB.