Warren says CFPB overhaul has cost Americans $26.5 billion

7/19/2026

CFPB changes may have cost consumers $26.5B, Warren says See how fee rollbacks and weaker enforcement drove the losses

Sen. Elizabeth Warren said the Trump administration’s changes to the Consumer Financial Protection Bureau have cost U.S. consumers as much as $26.5 billion so far, according to a report she shared with CNBC. The report argues that most of the estimated cost comes from the CFPB’s rollback of limits on credit card late fees and overdraft charges. Warren’s office also says the agency has dropped or narrowed enforcement cases and settlements that could have returned money to consumers. The findings arrive as acting CFPB Director Russell Vought faces Senate scrutiny over the agency’s changes, and as lawmakers consider President Donald Trump’s nominee to lead the bureau permanently.