White House report says CFPB raised borrowing costs
By: Ebrima Santos Sanneh | Published: 2026-02-18 18:21:03 | Source: www.nationalmortgagenews.com
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- Key insight: A report from the White House Council of Economic Advisers claimed that the Consumer Financial Protection Bureau’s rules raised consumer interest rates and reduced the availability of credit since its inception.
- Supporting data: The report says the agency’s actions raised consumers’ borrowing costs by between $237 to $369 billion over the 13 years between 2011 and 2024.
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