Financial Reform that Protects Consumers

Published: June 25, 2009

Consumer Financial Protection Agency (CFPA)

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.  We don't always need more regulation, but rather more effective regulation that is targeted and up-to-date. 

CRL is a member of Americans for Financial Reform, a coalition of nearly 200 national, state and local consumer, employee, investor, community and civil rights organizations that have come together to spearhead a campaign for real reform in our banking and financial system.

Learn more about consumer protection: