New York Consumer Law Blog

Thursday, March 8, 2018

Trump is systematically backing off consumer protections, to the delight of corporations

Agencies under President Trump’s executive discretion have taken a laid back approach to consumer protections relative to previous administrations. The Washington Post writes: “At the [CFPB], for example, enforcement actions have dropped from an average of three-to-five each month during the past four years down to zero since a Trump appointee took charge of the agency in late November.” Under the guidance of Mick Mulvaney, the CFPB is reportedly deferring enforcement actions to state attorneys general and regulatory bodies.

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