NYC Economic Justice Groups Will Not Talk With Trump’s Consumer Financial Protections Bureau Head

NYC Economic Justice Groups Will Not Talk With Trump’s Consumer Financial Protections Bureau Head

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…)

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