White House: CFPB has cost consumers billions of dollars
By ABA Banking Journal Staff
AI Summary
The White House Council of Economic Advisers reported that the CFPB has cost consumers between $237-$369 billion since 2011, as financial institutions passed on increased compliance and liability expenses. This report does not explicitly mention Texas or any Texas-specific entities.
Texas Relevance
The article does not specifically mention Texas, TX, TCUD, or any Texas-specific entities. It is a general commentary on the impact of CFPB regulations nationwide.
Original Content
Since 2011, the CFPB has cost consumers between $237-$369 billion as financial institutions were forced to pass on their increased compliance and liability expenses to customers, the White House Council of Economic Advisers said in a new report. The post White House: CFPB has cost consumers billions of dollars appeared first on ABA Banking Journal .