How Long Can CFPB Stand Up to Trump Administration?

Three days after Donald Trump was sworn in as president, the United States government fined a couple of Citigroup subsidiaries $28.8 million for giving the runaround to tens of thousands of borrowers who were trying to avoid foreclosure on their homes. One week later, it sued a ring of law firms, accusing them of illegally levying high fees on desperate clients seeking to lessen their crushing debt loads. In the days that followed, the government took action against several others, including a California-based mortgage lender and a Virginia-based pawnbroker. It also ordered Mastercard and a partner to jointly pay $13 million in fines for “breakdowns that left tens of thousands of economically vulnerable RushCard users unable to access their own money.”