The CFPB Serves Moral Hazard, Not the Public
The Consumer Financial Protection Bureau (CFPB) ostensibly exists to protect consumers. However, its recent actions raise serious concerns about whether its policies truly serve the best interests of the public. This is particularly evident in CFPB Chair Rohit Chopra’s eleventh-hour decision to cap overdraft fees charged by banks to account holders with negative balances. […]
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