It’s Your Money: Once a consumer hero, CFPB has cost consumers $26.5B in 18 months

By: Maureen Milliken

Outlets: Manchester InkLink

Published: July 30, 2026

Words: 4,492

Last Updated: 4 days, 5 hours ago

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NEWS: Brian Johnson, the nominee to head the Consumer Protection Financial Bureau, is about to be confirmed by the Senate.

WHAT IT MEANS FOR YOU: TheTrump administration’s handling of the CFPB has cost American consumers an estimated $26.5 billion – and that’s just what can be quantified. Hard to believe this is the agency that in its first 14 years saved Americans $21 billion in junk fees and other consumer ripoffs. It was poised to …

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