The Consumer Financial Protection Bureau (CFPB) is the latest U.S. government agency to be effectively closed down.

Sen. Elizabeth Warren, who founded the U.S. consumer protection agency, warned on Tuesday, Feb. 11 that its closure will weaken financial oversight.

Warren spoke of the consequences of losing the bureau after its Washington headquarters were shuttered as part of the Trump administration’s cutbacks.

CGTN’s Owen Fairclough reports.

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