Trump admin has intensified its assault on the US Consumer Financial Protection Bureau, FT reports

• The regulatory burden imposed by the agency has led to higher prices and reduced product offerings; it is estimated that this has cost consumers between USD 237-369bln, the report added, citing a report prepared by the CEA.

The intensified assault on the Consumer Financial Protection Bureau (CFPB) by the Trump administration highlights growing tensions around regulation that could impact consumer costs. If the regulatory burden is indeed driving up prices and limiting options for consumers, it has broader implications for economic activity and spending patterns, potentially affecting both equity and currency markets like the USD and GBP.