The Battle Over America’s Consumer Watchdog
Created in the wake of the 2008 crash, the CFPB was designed as a financial watchdog to protect ordinary Americans from abusive lending and deceptive financial practices.
Vought’s vow to eliminate it marks a dramatic turn — one that could reshape the balance between consumer protection and deregulation for years to come.
Whether the courts — or Congress — will let him finish the job remains a high-stakes question.
