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Consumer Watchdog's Dismantling Leaves Americans Vulnerable to Financial Abuse

The Trump administration's dismantling of the Consumer Financial Protection Bureau leaves consumers vulnerable to unfair treatment by financial institutions. The agency enforced laws protecting consumers from predatory lending, inaccurate credit billing, and discrimination. Its elimination means no one is policing the nation's largest financial firms. States have varying consumer protection laws, but enforcement is inconsistent. The lack of oversight creates uncertainty for businesses and puts low-income consumers at greater risk.