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"If you're having trouble with your student lender and you made the payment and it's not showing up on your bill, you go to the CFPB. If you're a service member and you fall prey to a 3predatory loan, you go to the CFPB."

As part of its effort to 4slash the federal workforce, the Trump administration ordered the CFPB to stop work, 5stalling investigations and 6suspending the effective dates of newly finalized consumer protections, like banning medical debt on credit reports, 7capping most credit card late fees at $8, and capping bank overdraft fees at $5.

Last week, Senator Elizabeth Warren, who helped create the CFPB, asked Federal Reserve Chairman Jerome Powell what the banking landscape might look like without it.

"If the CFPB is not there examining these giant banks to make sure they are following the laws on not cheating consumers, who is doing that job?"

"I can say no other federal regulator." 

"No one."

Some Republicans argue state 8regulators can 9handle consumer complaints.

"So to 10characterize that nobody's out there looking for consumers, I think is inaccurate and we 11ought not to try and scare consumers right now."

But 12consumer advocates like Adam Rust of the Consumer Federation of America say it's a 13massive job and could lead to an 14unevenresponse for consumers.

"It really shouldn't be the case that your zip code 15determines how the law is 16enforced and supervised."