The Consumer Financial Protection Bureau (CFPB) exists to impose oversight on our market such that you, the consumer, don’t get grifted by investors and lenders in its original conception. Like a lot of other federal government organizations, nonetheless, the Trump management has turned that concept on its mind. A collection of economic justice groups announced in an open letter that they would not take a seat at the table on Thursday, ahead of a scheduled meeting with the CFBP director.
The federal government established the CFBP , because of the passage through of the Dodd Frank Wall Street Reform and customer Protection Act. (more…)