The Consumer Financial Protection Bureau (CFPB), the U.S. government agency tasked with protecting consumers from financial scams, is being shuttered—and the fallout is heating up Capitol Hill. 🔥
Senator Elizabeth Warren, the CFPB's founder, blasted the closure during a Senate hearing this week, calling it a \"direct hit\" to financial accountability. \"Without the CFPB, millions of Americans lose their shield against predatory lending and fraud,\" she warned. 💸
The agency’s Washington headquarters closed following Trump-era budget cuts, sparking fears of weakened oversight in banking and fintech sectors. Critics argue the move could leave young professionals, students, and entrepreneurs vulnerable to risky financial practices. 📉
With debates raging over the future of consumer protection, one question looms: Who’s watching Wall Street now? 🤔
