How the Uncertain Future of the CFPB Could Impact Your Money

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 19 February 2025

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Work at the government’s watchdog for financial products, the Consumer Financial Protection Bureau, came to a halt earlier this month after the agency’s new acting director closed its Washington headquarters and ordered staff to stop all supervisory and enforcement work. Wall Street Journal reporter Angel Au-Yeung joins host Ariana Aspuru to discuss which consumer protections are now in limbo and what it means for your money. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:32.9	Here's your money briefing for Wednesday, February 19th.
0:36.2	I'm Mariana Aspuru for the Wall Street Journal.
0:43.4	Upheaval at the Consumer Financial Protection Bureau has left the agency's future unclear
0:48.3	and proposed rules on things like selling customer data and capping credit card late fees in
0:54.0	doubt.
0:54.4	We're talking about a federal regulator that consumers can go to report on their negative
1:01.2	experiences with banks and financial payment apps. There really isn't any other that is
1:06.6	as consumer facing as the CFPB. So the options will be pretty limited for consumers if the CFPB is downsized or if it goes away.
1:17.5	We'll talk with Wall Street Journal reporter Angel Al Young about what's at stake and how it could impact you after the break.
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