Trump Intensifies CFPB Offensive After Report Alleges $369B in Costs

Donald Trump intensified efforts to dismantle the Consumer Financial Protection Bureau after a White House report alleged it inflated borrowing costs by $369B.Acting Director Russell Vought stated the regulatory body restricted credit access and increased prices for financial products across the USA.The White House Council of Economic Advisers concluded that the bureau oversight hindered economic growth by reducing the available credit supply.