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Trump could dismantle newly built guardrails around your wallet, consumer groups warn

NBC News
Summary
Nutrition label

81% Informative

The Consumer Financial Protection Bureau is weighing which proposed rules on its agenda to finalize before Republicans resume control of the House , the Senate and the White House in less than two months .

Republicans have signaled plans to defang the agency, and Trump has named authors of Project 2025 — which calls for eliminating the CFPB — to influential posts.

The agency declined to comment but said that it “continues to carry out its work from political cycles”.

Chances are slim, however, that an earlier ruling capping credit card fees will survive, advocates and lawyers say.

The case is tied up in the federal court system, with card issuers arguing the changes would force them to pass higher costs on to customers.

The return to a more hands-off approach could renew complaints that consumer advocates lodged during Trump ’s first term.

VR Score

82

Informative language

79

Neutral language

64

Article tone

semi-formal

Language

English

Language complexity

62

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

27

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