The CFPB Comes Under Fire
What is the state of consumer finance protections in the new president’s administration? Credit: Javier Larrea/Pixtal/AGE Fotostock
This week, over on the Election Central Web site, the main story takes a look at the operations of the Consumer Financial Protections Bureau.
Imagine this: Your family is receiving harassing phone calls from a collection agency, demanding that you pay an overdue medical bill which you have already paid. Is there anyone who can help you?
The answer is yes: the Consumer Financial Protection Bureau, a government “watchdog” agency that exists to protect consumers against illegal business practices. But some critics of this agency believe that the CFPB is an unnecessarily part of the government and should be removed. This week let’s take a look at the agency’s history and why some people question its role.
To learn more about this story, click here to visit the Election Central Web site and read the full posting.
Credit: McGraw-Hill Education