What's up with that?
The central mission of the Consumer Financial Protection Bureau (CFPB) is to make markets for consumer financial products and services work for Americanswhether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.
Congress established the CFPB to protect consumers by carrying out Federal consumer financial laws. Among other things, the consumer bureau will:
Conduct rule-making, supervision, and enforcement for Federal consumer financial protection laws
Restrict unfair, deceptive, or abusive acts or practices
Create a center to take consumer complaints
Promote financial education
Research consumer behavior
Monitor financial markets for new risks to consumers
Enforce laws that outlaw discrimination and other unfair treatment in consumer finance
Many of the pieces of the Dodd-Frank Act relating to the CFPB will go into effect on July 21, 2011.
“The central mission of the Consumer Financial Protection Bureau (CFPB) is to make markets for consumer financial products and services work for Americanswhether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.”
http://www.consumerfinance.gov
It’s another “I’m from the government and I’m here to screw you some more” bureaucracies.
We’re in a depression and the silly SOB takes everything so lightly.
FUBO
Consumer Protection Bureau?
I thought that WAS the joke.
What's up with that?
Key word: "protection". What a racket.
“...newly formed Consumer Financial Protection Bureau.
What’s up with that?”
It’s another one of Obama’s czars with a nice sounding title to fool us into thinking he’s doing something good for us ignorant (what they think) citizens, but behind the scenes he’s putting in more controls on us and further destroying our freedoms and the country.
Setting us up for price controls. But not for everyone.
Some animals are more equal than others.
I wonder why Jimmy Carter wasn't tapped for the job?
He's got the experience, LOL.