Notably, the Budget Lab at Yale University projects that Trump’s tariffs will cost the average American household $2,300 in lost income, per September 2025 data.
Just how expensive have Trump and congressional Republicans been for American families?
- $5 billion in annual overdraft fees after congressional Republicans passed a Congressional Review Act (CRA) vote overturning a Biden-era rule aimed at reining in excessive overdraft fees.
- $4 billion in refunds after the Trump-Department of Transportation (DOT) announced it would rescind Biden-era rulemaking requiring airlines to compensate consumers for significant flight delays.
- $10 billion a year in late fees after Trump-appointed Judge Mark Pittman vacated a Biden-CFPB’s credit card late fee rule after the Trump-CFPB requested the rule be vacated.
- Over $3 billion in consumer redress under threat as CFPB Head of Enforcement Eric Halperin found that 22 pending enforcement actions had been dropped by Trump’s CFPB. Before Trump, only one enforcement action had been dropped by the CFPB in its 14-year history.
On top of that, Trump-appointed Judge Sean Jordan vacated the Biden-CFPB’s medical debt rule, removing $49 billion in medical debt from the credit reports of 15 million Americans. The Biden-CFPB had estimated the rule would have raised the average credit scores of consumers with medical debt by an average of 20 points, helping an 22,000 additional mortgages get approved each year.
This past Summer, Protect Borrowers and Consumers Federation of America estimated Trump’s actions against the CFPB have cost consumers $18 billion.
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