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Trump’s consumer agency chief looks to shut down complaint database

Source: David Lazarus, L.A.Times (Paid Registration)

The Trump administration may shut down a federal database of consumer complaints about the financial-services industry. Banks think that’s a swell idea.

“In what world does it make sense to give consumers less critical information and transparency about a product or service they may purchase?” asked California Atty. Gen. Xavier Becerra.

The Trump administration wants to spare its business buddies the annoyance of customers revealing unfair, unethical and unscrupulous practices.

Read Full Article: Trump’s consumer agency chief looks to shut down complaint database