Consumer Unit for Seniors Draws a Famous Name
New York Times
October 19, 2011
Protess, Ben
Hubert H. Humphrey III, son of the late former vice president and Democratic
presidential contender, has been tapped to lead the "older Americans" unit of
the Consumer Financial Protection Bureau. Humphrey has been a veteran of public
service in Minnesota, serving as a state senator and four-term attorney general.
More recently, the 69-year-old helmed Minnesota's branch of AARP, the lobbying
group representing American retirees. At the consumer bureau, Humphrey will be
tasked with preventing financial schemes aimed at swindling senior citizens. "A
well-informed consumer is the best protection against fraud and deceptive
practices -- especially if that knowledge is backed up by tough regulatory
enforcement," he said in a statement.
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