Trump Wants to Hide Your Complaints About Wall Street
The Treasury recommends blocking public access to one million reports of alleged abuse by lenders, student loan firms, and debt collectors.
A Republican refrain these last few years has been that the Obama administration went too far in policing Wall Street, resulting in higher costs and less choice for American households. So in February, when President Donald Trump directed his administration to apply a lighter touch, the first move he laid out was a desire to empower consumers instead of regulators so that they could make informed choices when it comes to financial products and services.
On Monday, however, the Trump administration sided with Republicans in the House of Representatives who are seeking to eliminate a key source of information for Americans as part of a broad attempt to roll back post-financial crisis reforms.