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International Business Times UK
International Business Times UK
Business
Giuliano de Leon

Donald Trump's Plan to Dismantle CFPB Could Lead to More Ripped-Off American Products

Outside the office of the Consumer Financial Protection Bureau. (Credit: Flickr)

The Consumer Financial Protection Bureau (CFPB) is under threat—again.

In April, President Donald Trump escalated his long-running battle with the United States' financial watchdog by launching a fresh effort to dismantle it. But this time, workers inside the bureau are speaking out, warning that shuttering the CFPB could open the floodgates to dodgy financial products and corporate abuse. As the US teeters on the edge of another potential economic crisis, insiders say the watchdog's mission has never been more critical—or more imperilled.

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