Consumer Financial Protection Bureau Could Be Defanged Under Donald Trump | HuffPost Latest News - Action News
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Posted: 2016-11-11T06:41:14Z | Updated: 2016-11-11T06:41:14Z

WASHINGTON, Nov 11 (Reuters) - The U.S. Consumer Financial Protection Bureau, already in legal limbo after an October court decision, could find its powers scaled back by President-elect Donald Trump and a Republican-led Congress, according to members of both political parties, lobbyists and lawyers.

That may mean the end of many of the agencys rule-making actions that have enraged critics, including a proposal to stop companies from blocking customers from class action lawsuits and another one to limit payday lending.