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International Business Times
International Business Times
Business
Shreyashi Chakraborty

CFPB's Future Uncertain: Bankers Anticipate Changes Under Trump Administration

Donald Trump CFPB Rohit Chopra Consumer Financial Protection Bureau
Consumer Financial Protection Bureau's (CFPB) "open banking" is rule designed to uphold consumer rights, as established by the Consumer Financial Protection Act of 2010. (Credit: Pexels.com/Erik Mclean)

Bankers are bracing themselves for potential changes under the incoming Trump administration, expecting it to limit the U.S. Consumer Financial Protection Bureau's (CFPB) power.

However, they hold out hopes that some of the watchdog's authority might be preserved due to Trump's populist tendencies.

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