CFPB Deregulation Under Trump Benefits Major Corporations Like Toyota, Walmart, and Apple
By
Noah Buhayar, Coulter Jones, Ted Mann
Kettled twice. Extra chewy, extra trustworthy.
Summary
The article reports on how under President Donald Trump, acting CFPB head Russell Vought has aggressively deregulated the Consumer Financial Protection Bureau, halting enforcement actions, cutting funding, and refusing to pursue settlements and lawsuits against major corporations. Companies like Toyota, Walmart, and Apple have benefited from this deregulatory approach, as the agency has backed away from consumer protection cases that were previously pursued.
Key quotes
· 3 pulledHey Russ– Hope all is going well amidst the bureaucracy ass kicking
Vought, who was leading President Donald Trump's Office of Management and Budget as well as the CFPB, had already made headlines for saying he wanted to put federal workers 'in trauma'
He'd begun his CFPB tenure by choking off the agency's funding, shutting its headquarters and halting its work
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