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Trump's Push to Dissolve CFPB Sparks Community Bank Concerns

1/2/2026

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Summary

Story summary

U.S. President Donald Trump seeks to dissolve the Consumer Financial Protection Bureau (CFPB).
Community banks warn dissolution would leave them less competitive against larger institutions.
The CFPB has reduced enforcement actions, filing only one this year versus an average of 24 under the Biden administration.
The D.C. Court of Appeals will hear arguments about the CFPB's future in February 2026.

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Story summary

U.S. President Donald Trump seeks to dissolve the Consumer Financial Protection Bureau (CFPB).
Community banks warn dissolution would leave them less competitive against larger institutions.
The CFPB has reduced enforcement actions, filing only one this year versus an average of 24 under the Biden administration.
The D.C. Court of Appeals will hear arguments about the CFPB's future in February 2026.