Consumer Fed. of America Director of Financial Services Adam Rust on the national watchdog CFPB

NC Newsline

A decade-and-a-half ago in the aftermath of the Great Recession and the financial crisis that sparked it, consumer advocates in North Carolina and around the country succeeded in spurring the creation of a new federal government watchdog known as the Consumer Financial Protection Bureau.

In the years since, the CFPB has done prodigious work – winning billions of dollars in refunds for ripped-off homebuyers, student loan borrowers, and banking customers and even putting some predatory lenders out of business.

Now, however, the Trump administration and some congressional Republicans are heeding the calls of business lobbyists to gut the agency and recently NC Newsline caught up with Consumer Federation of America Director of Financial Services Adam Rust to find out just what such a move would mean.

Click here for the full interview with Adam Rust.