White House budget director plans to shut US consumer finance watchdog within months
NegativeFinancial Markets

The White House budget director has announced plans to shut down the US consumer finance watchdog within months, a move that raises concerns about consumer protection in financial markets. This agency has played a crucial role in safeguarding consumers from unfair practices and ensuring transparency in lending. The potential closure could leave consumers vulnerable to predatory lending and other financial abuses, sparking a debate about the balance between regulation and free market principles.
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