From Yahoo Finance: 2025-04-17 11:10:00

The Consumer Financial Protection Bureau will shift focus away from protecting student borrowers and those with medical debt, prioritizing oversight of large banks over tech firms and non-bank financial institutions. Recent efforts included banning Navient and suing PHEAA and Zelle. The move has drawn criticism from consumer advocates, concerned about leaving vulnerable borrowers at risk. The bureau also plans to reduce regulatory efforts and prioritize responding to specific consumer complaints. The memo outlining these changes has sparked controversy and concern among experts and consumer protection advocates.



Read more at Yahoo Finance: The CFPB says it will ‘deprioritize’ protecting student borrowers, people with medical debt