Gillibrand: Dismantling CFPB Will Make Seniors More Vulnerable to Financial Scams

Senator Kirsten Gillibrand says the Trump Administration's efforts to dismantle the Consumer Financial Protection Bureau (CFPB) will leave older Americans more susceptible to financial fraud and scams. Gillibrand highlighted that concern during a video conference call on Thursday with statewide media outlets, including WDOE News. The New York Democrat says the administration has tried to fire nearly 90% of the agency's staff...

Kirsten Gilllibrand: Trump has tried to fire almost 90% of CFPB staff

Gilllibrand, who is top-ranked Democrat on the Senate Aging Committee, adds that the administration has paused regulations on inaccurate credit reporting that would protect victims of elder abuse. She is calling on acting CFPB Director Russell Vought to provide some answers...

Kirsten Gillibrand: demanding answers

In 2023, Americans over the age of 60 lost $3.4 billion because of scams. Gillibrand says that includes more than 4,300 New Yorkers who lost more than $200 million.