Fed urged to do more to protect homeowners
The Testimony of Lauren Saunders before the House Financial Services Committee regarding the Consumer Financial Protection Agency (CFPA)
Download this testimony as a PDF. Introduction: This testimony describes why we recommend that consumer protection for financial products and services be consolidated within a new federal Consumer Financial Protection Agency. A review of the history of consumer protection by the Federal Reserve and the
The Testimony of John Taylor, President and CEO of NCRC, before the House Financial Services Committee
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.
Business Week: Consumers Need a Credit Watchdog
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