The existence of Obama’s Consumer Financial Protection Bureau (CFPB) is in doubt. Funding is set to run out, while President Donald Trump and acting CFPB director Russ Vought have openly stated their intention to shut down the agency. Tech entrepreneurs have explained exactly how the agency has done harm to the very consumers it is supposed to protect.
As 2026 dawns, the bureaucratic behemoth created under the Obama administration faces an unprecedented reckoning. Designed to regulate everything from payday lenders to student loans, the agency quickly became a favorite hammer for progressive regulators looking to expand the federal footprint…
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