As the Trump administration prepared to take power in Washington, D.C., the Consumer Financial Protection Bureau (CFPB) wasted no time. In the two months leading up to the inauguration, the bureau sued some of the biggest Fortune 500 companies: Capital One, Experian, Walmart, JPMorgan Chase, Bank of America, and Wells Fargo, among others, alleging that they cheated, deceived, or failed to protect American consumers.
The CFPB has vigorously pursued a mission to return billions of dollars to consumers from junk fees and fraud. Since the bureau’s founding in 2011, it has provided over $21 billion in consumer relief, including monetary compensation and canceled debts, to an estimated 205 million consumers and consumer accounts.
