In a statement to Duke News, Professor Mallory SoRelle says the Consumer Financial Protection Bureau (CFPB)’s potential dismantling by the Supreme Court could have significant implications for consumers and borrowers.
“Over the last decade, the CFPB has been responsible for enacting critical protections for borrowers, and its enforcement actions have returned $17.5 billion dollars directly to the pockets of consumers.”
“Without the CFPB, consumers would lack a dedicated watchdog in the federal government, making it much easier for predatory lending practices to prevail.”
Click here to read her full statement.
You can also check out her research on consumer financial protection in “Democracy Declined“