Gillibrand: Trump's policies risk seniors' financial safety
ROCHESTER, N.Y. (WROC) — U.S. Senator Kirsten Gillibrand spoke out Thursday against the Trump Administration and policies that she says are leaving senior citizens vulnerable to financial fraud.
Recently, President Donald Trump has made moves to dismantle the Consumer Financial Protection Bureau, or the CFPB, which is a federal agency that prevents Americans from getting scammed by big banks and corporations.
The Trump Administration has attempted to fire most of the agency's staff, which Gillibrand said would put their many services at risk.
'So, many seniors fall victim to financial scams every day, and now more could become vulnerable without the services provided by the CFPB,' Senator Gillibrand said. 'I am laser focused on protecting older Americans against fraud.'
In 2023, over 4,300 older New Yorkers fell victim to fraud, losing over $200 million. Trump was asked earlier this week if his intention is to eliminate the agency, to which he replied, 'We're trying to get rid of waste: fraud and abuse.'
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