CFPB Director: Wall Street wants a lap dog, not a watchdog - Velshi - MSNBC

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After The Great Recession, the government set up the Consumer Financial Protection Bureau — an independent bureau to protect the consumer from abuses by financial institutions and companies. Now there is talk from Elon Musk about dismantling it in the upcoming Trump administration.

Rohit Chopra, the director of the CFPB, joins Ali Velshi to explain why the bureau is so important to the American consumer. “When people come to the CFPB, we require those companies to respond, and every single day, problems get fixed…we can't really have a system where people are getting ripped off with impunity and no one is taking any action at all.” - Aired on 12/21/2024.