$1 fines from CFPB were common under Trump. That’ll change

The Consumer Financial Protection Bureau made clear when it opened for business in 2011 that it would be “a cop on the beat” to protect people from unethical, abusive and illegal behavior on the part of financial institutions.

That cop spent much of the last four years waving at passing bankers and lenders from the doughnut shop.

Things are about to change.

It’s a virtual certainty that President-elect Joe Biden will replace President Trump’s appointee as CFPB director, Kathleen…

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