Will the Consumer Financial Protection Bureau be Weakened?

Will the Consumer Financial Protection Bureau be Weakened?

Many have speculated that the Trump administration would attempt to neutralize the work of the Consumer Financial Protection Bureau (“CFPB”) created in 2010 by the Dodd-Frank Wall Street Reform and Consumer Protection Act. However, the CFPB has been popular in the red states that are the base of the Republican party.

The New York Times has recently published an excellent article on the difficulties of restraining the CFPB from acting against and punishing financial institutions for wrongdoings. To read the full article, please click here.

Montgomery Ponder encourages you to read this enlightening article and if you or a loved one has been injured by the wrongful acts of a financial institution or insurance company, contact Montgomery & Ponder, LLC at (205) 377-5004

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