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Former senior US CFPB official says millions `likely to get ripped off' under Trump

By Neil Roland ( February 26, 2025, 23:41 GMT | Insight) -- Lorelei Salas, a former senior US Consumer Financial Protection Bureau official who resigned this month, said millions of Americans are "likely to get ripped off" under the Trump administration. “The CFPB was essentially fired from doing the job Congress gave it,” Salas, the former supervision director, told a forum of Democratic senators led by Elizabeth Warren of Massachusetts. She expressed concern about efforts by Elon Musk, the billionaire entrepreneur who oversees the White House’s Department of Government Efficiency, and acting CFPB director Russell Vought, to gather sensitive information from agency computers.Lorelei Salas, a former senior US Consumer Financial Protection Bureau official who resigned this month, said millions of Americans are "likely to get ripped off" under the Trump administration....

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