President Donald Trump has said it more than once—the Consumer Financial Protection Bureau is no more. Calling it “the ultra-left CFPB,” Trump said he moved to shut down the agency after receiving calls from bankers and loan officers who were “almost crying” over its regulations.
Trump: CFPB Was Hurting Banks
Speaking at the Conservative Political Action Conference on Feb. 22, Trump described the CFPB as a “terrible” agency that “destroyed” small banks and businesses. He blamed Sen. Elizabeth Warren (D-MA), who helped create the agency after the 2008 financial crisis, saying she used it to push a “woke radicalism” agenda.
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“They established it—it was established by Elizabeth Pocahontas Warren,” Trump said, mocking Warren’s past claims of Native American ancestry. “At the ultra-left CFPB, which was terrible, so many people have been hurt by that. I …
