{"id":164553,"date":"2026-10-08T07:25:57","date_gmt":"2026-10-08T15:25:57","guid":{"rendered":"https:\/\/xira.com\/p\/2026\/10\/08\/trumps-consumer-watchdog-is-going-easy-on-the-companies-its-supposed-to-police\/"},"modified":"2026-10-08T07:25:57","modified_gmt":"2026-10-08T15:25:57","slug":"trumps-consumer-watchdog-is-going-easy-on-the-companies-its-supposed-to-police","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2026\/10\/08\/trumps-consumer-watchdog-is-going-easy-on-the-companies-its-supposed-to-police\/","title":{"rendered":"Trump\u2019s Consumer Watchdog Is Going Easy On The Companies It\u2019s Supposed To Police"},"content":{"rendered":"

Ed. note<\/u>: Welcome to our daily feature,\u00a0Quote of the Day<\/a>.<\/em><\/p>\n

The picture is pretty grim for consumers in the United States.<\/strong><\/p>\n

\u2014<\/i><\/span> <\/b>Lorelei Salas, the former director of supervision at the Consumer Financial Protection Bureau, in comments given to Reuters<\/a>, on the agency\u2019s shift away from scrutinizing nonbank financial companies, including payday lenders, that pose some of the highest risks to consumers. Salas resigned last year after the Trump administration halted the division\u2019s work. She went on to say that the CFPB\u2019s new leadership had \u201cdemonized\u201d supervisory staff.<\/em><\/strong><\/p>\n

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Staci Zaretsky<\/a> is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on Bluesky<\/a>, X\/Twitter<\/a>, and Threads<\/a>, or connect with her on LinkedIn<\/a>.<\/em><\/strong><\/p>\n

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The post Trump\u2019s Consumer Watchdog Is Going Easy On The Companies It\u2019s Supposed To Police<\/a> appeared first on Above the Law<\/a>.<\/p>\n

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Ed. note<\/u>: Welcome to our daily feature,\u00a0Quote of the Day<\/a>.<\/em><\/p>\n

The picture is pretty grim for consumers in the United States.<\/strong><\/p>\n

\u2014<\/i>Lorelei Salas, the former director of supervision at the Consumer Financial Protection Bureau, in comments given to Reuters<\/a>, on the agency\u2019s shift away from scrutinizing nonbank financial companies, including payday lenders, that pose some of the highest risks to consumers. Salas resigned last year after the Trump administration halted the division\u2019s work. She went on to say that the CFPB\u2019s new leadership had \u201cdemonized\u201d supervisory staff.<\/em><\/strong><\/p>\n

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\"\"
<\/figcaption><\/figure>\n

Staci Zaretsky<\/a> is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on Bluesky<\/a>, X\/Twitter<\/a>, and Threads<\/a>, or connect with her on LinkedIn<\/a>.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Ed. note: Welcome to our daily feature,\u00a0Quote of the Day. The picture is pretty grim for consumers in the United States. \u2014 Lorelei Salas, the former director of supervision at the Consumer Financial Protection Bureau, in comments given to Reuters, on the agency\u2019s shift away from scrutinizing nonbank financial companies, including payday lenders, that pose […]<\/p>\n","protected":false},"author":3,"featured_media":164499,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-164553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law"],"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/164553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=164553"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/164553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/164499"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=164553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=164553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=164553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}