CFPB Under Scrutiny: 60 Minutes Investigates Funding Cuts
The Consumer Financial Protection Bureau (CFPB), established after the 2008 financial crisis, is facing potential changes. 60 Minutes correspondent Lesley Stahl examines President Trump's administration's efforts to reduce the agency's budget and limit its scope. The report explores the impact of these proposed cuts on consumer protection. Tune in this Sunday to learn more about the future of the CFPB.
This Sunday, 60 Minutes will delve into the Consumer Financial Protection Bureau (CFPB), an agency created in the wake of the 2008 financial crisis to protect consumers from financial wrongdoing. Lesley Stahl reports on the Trump administration's moves to potentially halt the bureau's work and significantly cut its funding. The report will examine the origins of the CFPB, its role in safeguarding consumer interests, and the potential consequences of reduced funding and authority. Experts and individuals affected by the CFPB's work will be interviewed to provide a comprehensive view of the situation. The segment aims to shed light on the ongoing debate surrounding the agency's effectiveness and its future under the current administration. Don't miss this in-depth investigation on 60 Minutes this Sunday.
Source: Read the original article at CBS