Consumer Financial Protection Agency
REAL Consumer Protection
The cost of loose lending rules: Trillions. Common-sense lending reforms: Priceless.
Watch this to see why we need an independent consumer financial protection agency to prevent another financial crisis.
In recent years, federal bank regulators looked the other way as tricky financial products with hidden costs and fees crowded out responsible loans.
Dangerous products have stifled true innovation, depriving consumers of meaningful choices and leading the nation into today's financial crisis. Strong consumer protections are essential to financially sound banks and a healthy economy.
Congress can repair our financial system and protect American families with a strong consumer protection agency that is independent of the companies it regulates, and fully transparent and accountable to the public.
What is the CFPA?
Why We Need a CFPA
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Consumer Financial Protection Agency Could Have Stopped Abuses that Plague Americans Today: CRL shares stories of everyday people affected by financial abuse
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Video: Austan Goolsbee, from the White House's Council of Economic Advisors, goes over the CFPA and the President's approach to financial regulatory reform in this explanatory video.
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Ellen Harnick, CRL Senior Policy Counsel, makes the case for a strong Consumer Protection Agency (Washington Post Blog)
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Neglect and Inaction demonstrates the weak oversight of bank regulators and the urgent need for an agency focused on consumer protection.
Support for CFPA
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CRL supports a strong, non-preemptive Consumer Financial Protection Agency
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Consumer Groups Support Inclusion of Auto Dealers in CFPA Bill
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Taking Down Dirty Lenders
Philadelphia Inquirer August 3, 2009 -
Regulate with Consumer View
Scranton Times-Tribune July 11, 2009 -
Why Banks Should Support a Consumer Financial Protection Agency Op-ed by Simon Johnson, former chief economist at the International Monetary Fund.
Published: September 24, 2009
