Warren says it would be a mistake to weaken an agency that protects thousands of American consumers from financial malfeasance, and argues the Consumer Financial Protection Bureau could help Trump make good on a promise to cap credit card rates.
The CFPB long has been a prime target of conservatives who often argue its regulations are too expansive, harming businesses and lenders. It faces an uncertain future in a" showed the regulator is in the crosshairs of the billionaire businessman co-heading Donald Trump's advisory group on cutting government expenses.
She also seized an opportunity to hold the president-elect accountable. On the campaign trail, Trump made a pledge to working-class voters to temporarily cap credit card interest rates at 10%. Elon Musk speaks before former President Donald Trump at a campaign rally at Madison Square Garden, Sunday, Oct. 27, 2024, in New York.
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