WPost analysis: Administration taking less aggressive approach to consumer protection.

Citing a "review of available data and interviews with consumer advocates and government officials," the Washington Post (3/5, Merle, Jan, 15.96M) reports that President Trump and his regulators "are taking a far less aggressive approach to consumer protection than their predecessors, delaying key regulations and imposing fewer penalties against financial institutions and other corporations accused of wrongdoing." The Post says CFPB enforcement actions "have dropped from an average of three-to-five each month during the past four years down to zero since a Trump appointee took charge of the agency in late November." At the Labor Department, "implementation of a rule requiring financial advisers to act in their clients' best interest" and the Education Department "has withdrawn Obama-era regulations meant to strengthen protections for student borrowers." Consumer advocates fear the new approach "gives an advantage to Wall Street and other powerful industries while leaving ordinary Americans more susceptible to fraud, discrimination and predatory lending."

WPost analysis: Administration taking less aggressive approach to consumer protection.

Citing a "review of available data and interviews with consumer advocates and government officials," the Washington Post (3/5, Merle, Jan, 15.96M) reports that President Trump and his regulators "are taking a far less aggressive approach to consumer protection than their predecessors, delaying key regulations and imposing fewer penalties against financial institutions and other corporations accused of wrongdoing." The Post says CFPB enforcement actions "have dropped from an average of three-to-five each month during the past four years down to zero since a Trump appointee took charge of the agency in late November." At the Labor Department, "implementation of a rule requiring financial advisers to act in their clients' best interest" and the Education Department "has withdrawn Obama-era regulations meant to strengthen protections for student borrowers." Consumer advocates fear the new approach "gives an advantage to Wall Street and other powerful industries while leaving ordinary Americans more susceptible to fraud, discrimination and predatory lending."