The Trump administration has accelerated its deregulatory agenda at the Consumer Financial Protection Bureau (CFPB), moving beyond rewriting rules to halting enforcement actions, as reported by the Wall Street Journal.
In one major reversal, the CFPB dropped an $80 million settlement with Navy Federal Credit Union, which had been accused of charging illegal overdraft fees to military families. The decision means the credit union is no longer required to reimburse affected service members.
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