On Jan. 16, the Consumer Financial Protection Bureau (CFPB) ordered the operator of digital payment provider Cash App to pay $175 million for failing to protect consumers from fraud, including $120 million in refunds and a $55 million penalty to the agency’s victims relief fund.
Four days later, Donald Trump was inaugurated as the nation’s 47th president. Within a week and a half, the new administration fired CFPB director Rohit Chopra, shuttered the agency’s headquarters and sent employees home.
