https://www.vox.com/policy-and-politics/2018/2/26/17008864/trump-cfpb-mulvaney-investor-consumer-protections
"Donald Trump ran for office promising to protect the “forgotten man and woman” and to Make America Great Again for Americans who feel left behind. “It’s not just the political system that’s rigged, it’s the whole economy,” he told supporters during a 2016 speech on the campaign trail. But now in office, Trump isn’t doing much to “un-rig” the system. His administration has systematically dismantled consumer protections for ordinary Americans and compromised protections for everyday investors as well. The Consumer Financial Protection Bureau under the guide of interim director Mick Mulvaney has moved to rein in many of the consumer protection and enforcement actions taken by his predecessor, Richard Cordray. The bureau has dropped cases against predatory payday lenders, reportedly rolled back its investigation of the Equifax data breach, and reformulated its mission to scale back its reach. Federal regulators in September released AIG from special government oversight mandated after the financial crisis and set aside a legal fight with MetLife. Enforcement actions at the Securities and Exchange Commission and Commodities Futures Trading Commission, Wall Street’s top regulators, have declined, meaning they appear to be going after fewer bad actors and imposing less fines. Mulvaney over at the CFPB hasn’t taken any enforcement actions since taking over at the CFPB in November. “The top line is that the Trump administration is probably the most anti-investor and consumer protection administration in decades, if not ever,” said Dennis Kelleher, president and CEO of Better Markets, a watchdog group that advocates for stricter financial regulations. “It’s hard not to concede that investor and consumer protections are not a priority for this administration"."
