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Former CFPB officials and Democrats warn that recent shutdowns and dropped cases limit consumer recourse, especially for service members and older Americans
Summary
Democratic members and a former CFPB official said recent administrative actions have interrupted exams, closed specialized offices, and led to dismissal of enforcement cases with prejudice, reducing relief for service members, older Americans, and other affected consumers.
Democratic members of the subcommittee and former bureau officials used the hearing to detail operational disruptions at the Consumer Financial Protection Bureau and to describe consequences for consumers.
“Since February, this administration has been hell bent on destroying the nation's consumer watchdog,” former CFPB general counsel Seth Frotman testified. He said the bureau had obtained more than $20 billion for consumers historically and that recent…
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