Former CFPB director says Trump 'begging for another financial crisis' by closing agency

Former CFPB director says Trump 'begging for another financial crisis' by closing agency

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Former CFPB director says Trump 'begging for another financial crisis' by closing agency
The Consumer Financial Protection Bureau has been shut down by President Trump, at least for this week and possibly much longer. The agency, created by Congress after the 2008 financial crisis, has limited credit card fees, made mortgage loans easier to understand and returned billions of dollars to consumers. Geoff Bennett discussed more with former CFPB director Rohit Chopra. Watch PBS News for daily, breaking and live news, plus special coverage. We are home to PBS News Hour, ranked the most credible and objective TV news show.  Newsletters: https://www.pbs.org/newshour/subscribe  PBS News podcasts: https://www.pbs.org/newshour/podcasts  Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG  Find more from PBS News at https://www.pbs.org/newshour Subscribe to our YouTube channel: https://bit.ly/2HfsCD6  Follow us: TikTok: https://www.tiktok.com/@pbsnews  X (formerly know as Twitter): http://www.twitter.com/newshour  Instagram: http://www.instagram.com/newshour  Facebook: http://www.pbs.org/newshour