That's exactly the approach to consumer protection we had 20 years ago, before the CFPB, before the 2008 financial crisis. This is but the latest attempt to leave consumers vulnerable to scams. In fact, The Trump administration is trying, I think many people believe illegally, to abolish the CFPB entirely. They fire dedicated staff who protect consumers. They canceled the lease on the CFPB's office, and they literally ordered a total shutdown of the agency. An unprecedented effort to defy Congress. (03:50–03:59)
CLAIM
Asserts that the Trump administration is attempting, possibly illegally, to abolish the CFPB.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
