National Consumer Law Center’s Testimony in Support a Consumer Financial Protection Agency: “Properly implemented, a CFPA will encourage innovation by financial actors, increase competition in the marketplace and lead to better and safer choices for consumers.” Click HERE to read more.
Harvard Professor Elizabeth Warren explains her idea of creating a Consumer Financial Protection Agency in this Business Week piece. Congress is considering legislation which would create such an agency. Here’s an excerpt from her article: President Obama’s proposed Consumer Financial Protection Agency would make loan
For immediate release CONTACT: Lauren Weiner, 202-470-5870 DATE: July 14, 2009 Jeremy Funk, 202-470-5878 Americans Call for Watchdog to Guard Against Financial Predators Groups Call for Real Protection for Borrowers, Tell Big Banks to Call Off the Lobbyists *Note: Change