The Trump administration is scrapping a credit card payment cap as well as offloading student loan oversight in an effort to reshape America's consumer watchdog, according to a recently leaked memo.
Mark Paoletta, the chief legal officer at the Consumer Financial Protection Bureau – an organization created in the aftermath of the 2008 financial crisis – sent the divisive email to his employees on Wednesday, laying the groundwork for a new Trump agenda, according to a copy of the note obtained and seen by Reuters.
