Warren: CFPB overhaul could cost Americans $26.5B

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Source: CNBC
Warren: CFPB overhaul could cost Americans $26.5B
Photo: CNBC
TL;DR

Sen. Elizabeth Warren says the Trump-era overhaul of the Consumer Financial Protection Bureau has cost Americans up to $26.5 billion, largely by rolling back rules capping credit-card late fees ($15B) and overdraft fees ($7.5B), with about $4B more from dropped enforcement actions and settlements; the report accompanies Senate scrutiny of acting director Russell Vought and the nomination of Brian Johnson to lead the CFPB.

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