News Brief
Summary
Senator Elizabeth Warren accuses CFPB acting Director Russell Vought of undermining President Trump’s goal to lower credit card costs, citing agency actions that favor lenders over consumers.
Key Points
- Senator Warren sent a letter to CFPB acting Director Russell Vought, obtained by CNBC.
- She alleges the CFPB, under Vought, has dropped rules capping late fees, sided with lenders in lawsuits, and paused enforcement, making it easier for companies to “rip off Americans.”
- This contradicts President Trump’s recent public push for banks to voluntarily cap credit card interest rates at 10% and subsequent call for legislation.
- Warren demands Vought reverse recent changes, including reinstating the $8 late fee cap, which she says would save consumers over $10 billion annually.
- The CFPB has been a target of the Trump administration’s deregulatory agenda, with efforts to shrink or close the agency.
- An agency spokesperson stated the Dodd-Frank Act prevents the CFPB from limiting credit card interest rates.
新闻简报
摘要
参议员伊丽莎白·沃伦指责消费者金融保护局（CFPB）代理局长拉塞尔·沃特，称其破坏特朗普总统降低信用卡成本的目标，并列举了该机构偏袒贷方而非消费者的行动。
关键点
- 参议员沃伦向CFPB代理局长拉塞尔·沃特发送了一封信函，该信由CNBC独家获取。
- 她指控CFPB在沃特的领导下，取消了限制滞纳金的规则，在欺诈诉讼中支持贷方，并暂停了执法行动，使得公司更容易”欺骗美国人”。
- 这与特朗普总统近期公开呼吁银行自愿将信用卡利率上限设为10%，以及随后要求立法解决此问题的立场相矛盾。
- 沃伦要求沃特撤销近期的变更，包括恢复8美元的滞纳金上限，她称此举每年可为消费者节省超过100亿美元。
- CFPB一直是特朗普政府放松监管议程的目标，当局试图缩减或关闭该机构。
- CFPB一位发言人表示，《多德-弗兰克法案》禁止该机构限制信用卡利率。
Original Article Link: https://www.cnbc.com/2026/01/23/warren-cfpb-director-letter-undermining-trump-credit-card-affordability.html