Original Content
Two reports released Monday explored the scope of the CFPB’s downsizing in the last 12 months. A second one, by Senate Democrats, said the changes have cost consumers $19 billion.
GAO details CFPB’s downsizing
AI Summary
• The CFPB has downsized in the last 12 months, impacting consumers financially.
• A Senate Democratic report estimates the changes have cost consumers $19 billion.
Texas Relevance
The article does not mention Texas or any Texas-specific entities. The content is broadly about CFPB actions and their impact on consumers, which applies to all credit unions nationwide.