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NYC Comptroller Warns of Rising Fraud Amid CFPB Cuts

5/8/2025

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Summary

Story summary

New York City comptroller Brad Lander sounds the alarm over the Trump administration's cuts to the Consumer Financial Protection Bureau (CFPB), which he believes will expose Americans to fraud and predatory lending. He calls on state and local governments to step up consumer protections, fearing that weakened oversight will lead to a surge in scams and unfair practices.

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Story summary

New York City comptroller Brad Lander sounds the alarm over the Trump administration's cuts to the Consumer Financial Protection Bureau (CFPB), which he believes will expose Americans to fraud and predatory lending. He calls on state and local governments to step up consumer protections, fearing that weakened oversight will lead to a surge in scams and unfair practices.