Imagine a group that protects people using banks and payment apps. This group, the CFPB, was suddenly stopped by the government! This caused worry in the banking world.
- The CFPB helped protect people from unfair bank practices.
- Stopping the CFPB leaves many things unsupervised.
- Banks are worried about what will happen next.
| Concern | Details |
|---|---|
| CFPB shutdown | Sudden halt of operations. |
| Consumer protection | Reduced oversight of banks and payment apps. |
| Data security | Concerns about access to bank data by Elon Musk's team. |
