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Wall Street Journal

Trump Fast-Tracks Deregulatory Push at Consumer-Protection Bureau

WASHINGTON—In the final months of the Biden administration, the nation's largest credit union agreed to refund $80 million to U.S. service members and their families the government said it had illegally overcharged. Under President Trump, the Consumer Financial Protection Bureau, which had reached the settlement agreement with Navy Federal Credit Union, dropped the case. Now the credit union is no longer required to refund cash to members of the military it had previously agreed to reimburse.