A prominent Democrat in the financial services sector has raised alarms about the recent budget cuts to the Consumer Financial Protection Bureau (CFPB), warning that they represent a deeper constitutional crisis. The individual, who holds a senior position in the industry, argues that the reductions in funding threaten the agency’s ability to enforce consumer protection laws effectively. The CFPB, a key regulatory body overseeing financial institutions, has faced scrutiny over its authority and operational independence in recent years.