Original Source Material
Two reports released Monday explored the scope of the CFPB’s downsizing in the last 12 months. A second one, by Senate Democrats, said the changes have cost consumers $19 billion.
GAO details CFPB’s downsizing
Summary
- The CFPB has downsized in the last 12 months according to two reports released by the GAO.
- A Senate Democrats report claims these changes have cost consumers $19 billion.
Why It Matters for Texas Credit Unions
The article discusses federal regulatory actions that could impact Texas credit unions, given their compliance with national standards and practices.