Donald Trump set to completely scrap US consumer protection agency, says man expected to lead it

‘Donald Trump is facing mounting pressure to completely scrap America’s consumer protection agency, the man lined up by the President to head the watchdog has revealed.
Loan sharks, payday lenders and rogue debt collectors could be given carte blanche to rip off American customers as part of a touted shake up of the Consumer Financial Protection Bureau (CFPB).
Randy Neugebauer, considered the favourite to replace the current director of the CFPB, said Mr Trump was facing pressure from inside the Republican Party to dismantle the agency entirely.’
Read more: Donald Trump set to completely scrap US consumer protection agency, says man expected to lead it