Testimony: Enhanced Consumer Financial Protection After the Financial Crisis
Published: July 19, 2011Download the complete testimony
Michael D. Calhoun
Date Filed: July 19, 2011
Unsustainable lending pushed us into the financial crisis, and sustainable lending and responsible consumer financial services products are needed to restore and maintain economic health. An independent Consumer Financial Protection Bureau (CFPB), as enacted by the Dodd-Frank Act (DFA or Dodd-Frank), is critical to reestablishing these sustainable lending practices.