but...I saw it on the internet...
Promoting blatant, known fraud....

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It's a democratic hoax

Edited: 12/16/2025 at 05:39 PM by nukeh2o

The Trump administration has made significant moves to cut the Consumer Financial Protection Bureau (CFPB), slashing its budget cap by nearly half via a new law (reducing it from 12% to 6.5% of the Federal Reserve's budget), initiating mass staff layoffs (aiming to cut ~90% of the workforce), and challenging the agency's funding structure, with some reports indicating an effort to effectively shut it down by early 2026 due to dwindling cash. These cuts aim to reduce waste and increase efficiency, but critics, including consumer advocates and Democrats, argue they hamstring the CFPB's ability to protect consumers from financial scams and predatory practices, potentially benefiting large institutions.