Trump is gutting America’s consumer watchdog to feed Wall Street’s greed | Business and Economy

Created after the 2008 financial crash, the Consumer Financial Protection Bureau (CFPB) is that rare Washington creature: An efficient consumer watchdog. Over the years, it has returned many billions in relief for people who got fleeced by Wall Street and Main Street alike. In Trump’s America, it is unsurprisingly fighting for its life.

On August 15, 2025, a federal appeals court dealt a major setback to the bureau by lifting a preliminary injunction that had temporarily blocked the Trump…