Brian Schwartz

The CFPB, it's supposed to be this kind of oversight agency over financial institutions across the country. Bank of America, JP Morgan, and you name it. And what they're supposed to be doing is really being a consumer advocacy agency. They're supposed to be monitoring and supervising the financial firms for any sort of scams or anything of the like.

The CFPB, it's supposed to be this kind of oversight agency over financial institutions across the country. Bank of America, JP Morgan, and you name it. And what they're supposed to be doing is really being a consumer advocacy agency. They're supposed to be monitoring and supervising the financial firms for any sort of scams or anything of the like.

The CFPB, it's supposed to be this kind of oversight agency over financial institutions across the country. Bank of America, JP Morgan, and you name it. And what they're supposed to be doing is really being a consumer advocacy agency. They're supposed to be monitoring and supervising the financial firms for any sort of scams or anything of the like.

So this is clearly a big target, not just for the Trump administration, but for the banking industry at large.

So this is clearly a big target, not just for the Trump administration, but for the banking industry at large.

So this is clearly a big target, not just for the Trump administration, but for the banking industry at large.

There is no word of how long this is going to last outside of this idea that the offices are only supposed to be closed for this week, but I'm highly skeptical of that. They say that it's just for this week. Okay, great. What happens on Friday? We don't know.

There is no word of how long this is going to last outside of this idea that the offices are only supposed to be closed for this week, but I'm highly skeptical of that. They say that it's just for this week. Okay, great. What happens on Friday? We don't know.

There is no word of how long this is going to last outside of this idea that the offices are only supposed to be closed for this week, but I'm highly skeptical of that. They say that it's just for this week. Okay, great. What happens on Friday? We don't know.

In her view, there had to be some major regulator of the banks that specifically represented the consumer.

In her view, there had to be some major regulator of the banks that specifically represented the consumer.

In her view, there had to be some major regulator of the banks that specifically represented the consumer.

Well, it's become this investigative body. So if a set of consumers, whether it's through the court system or through just tips to the CFPB, a consumer can say, I feel like I'm getting squeezed here by this financial institution, and here's why. And then the CFPB can go about investigating this, right?

Well, it's become this investigative body. So if a set of consumers, whether it's through the court system or through just tips to the CFPB, a consumer can say, I feel like I'm getting squeezed here by this financial institution, and here's why. And then the CFPB can go about investigating this, right?

Well, it's become this investigative body. So if a set of consumers, whether it's through the court system or through just tips to the CFPB, a consumer can say, I feel like I'm getting squeezed here by this financial institution, and here's why. And then the CFPB can go about investigating this, right?

And eventually, in some cases, the CFPB says that they've gone and found out various forms of malfeasance.

And eventually, in some cases, the CFPB says that they've gone and found out various forms of malfeasance.

And eventually, in some cases, the CFPB says that they've gone and found out various forms of malfeasance.

What has been the criticism of the CFPB? That there is not enough congressional oversight of that agency. That is a big one. There was supposed to be this kind of independent arm of the federal government, and they are going to go off and they're going to do their thing. And that's been the moves of that.

What has been the criticism of the CFPB? That there is not enough congressional oversight of that agency. That is a big one. There was supposed to be this kind of independent arm of the federal government, and they are going to go off and they're going to do their thing. And that's been the moves of that.