📈 Stocks & Economy🌐 Global
Sen. Warren Says Trump's Gutting of Consumer Watchdog Has Cost Americans $26.5 Billion
CNBC·Sunday, 19 July 2026
Senator Elizabeth Warren says the Trump administration's rollback of rules and enforcement at the Consumer Financial Protection Bureau (CFPB) has cost American consumers up to $26.5 billion so far. The CFPB is the main federal agency that protects people from predatory lenders and financial scams.
Why It Matters
Weakening consumer protection rules in the world's largest economy sets a precedent that other governments may follow — or react against — when designing their own financial regulations.
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