How Trump Is Gutting Regulatory Agencies Like the SEC, CFPB and EEOC

The Trump administration is rapidly delivering wins to American companies by rolling back regulations, pausing investigations and retreating from lawsuits accusing employers of discrimination.A combination of firings, stop-work orders and litigation pauses has hobbled regulators like the Consumer Financial Protect Bureau, the Equal Employment Opportunity Commission, the National Labor Relations Board, and the Securities and Exchange Commission.The moves have led the S.E.C.to pull back on its attempt to police the cryptocurrency boom and upended efforts at other agencies to protect worker rights.The speed and scale of the deregulatory moves by President Trump reflect his ambitious agenda to downsize government.But the upshot of all this upheaval is simple: Regulatory agencies that are intended to protect ordinary Americans, workers and homeowners are being gutted, consumer advocates say.“Under the Trump administration, federal consumer protections are being rapidly stripped away in a lawless process,” said Adam Levitin, a professor at Georgetown Law who specializes in financial regulation.

“This is deregulation by firings.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access.If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe....