Post #39210 by MisterFungi on the US Policy board

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Of course not.

What Happened: The CFPB, under Trump’s control, has withdrawn its lawsuit against online lender Solo Funds, which it accused of misleading borrowers about loan costs. This marks the first case dropped since the agency’s activities were frozen and staff were purged.

Why It Matters: This signals a broader rollback of consumer protections as Trump dismantles the CFPB, leaving borrowers vulnerable to deceptive lending practices and undermining efforts to hold financial institutions accountable.

Source: Reuters

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Yup.

As they say, to believe that a cadre of billionaires is working tirelessly for the benefit of the working class requires a spectacular level of ignorance.

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