National Consumers League

Pages tagged "cfpb"

In defense of the Consumer Financial Protection Bureau

In its short tenure, the Consumer Financial Protection Bureau (CFPB), under Director Richard Cordray has done an excellent job  of preventing consumers from harm and helping wronged consumers get the recourse they deserve. The American people have seen the great work the Bureau has accomplished, and it is not surprising that the CFPB enjoys support from both sides of the aisle. Unfortunately, given the success of the CFPB as a consumer watchdog, it is also not too surprising to see the very industries and actors the CFPB has been charged to regulate, amass support for its weakening or even outright dismantling in Congress. 


CFPB's structure ruled unconstitutional, but is it really?

SG_HEADSHOT.jpgThe DC Federal Circuit Court of Appeals ruled on Tuesday that the structure of the Consumer Financial Protection Bureau (CFPB), the Wall Street financial watchdog that is the brainchild of  Sen. Elizabeth Warren (D-MA), is unconstitutional.