The buyer Financial Protection Bureau has exposed for company, its mailbox piled high with wish-lists from customer advocacy teams by what the brand new agency should tackle first.
While consumer groups cheer the arrival regarding the CFPB, the banking industry along with other monetary solutions providers such as for example payday loan providers, loan companies, credit bureaus and charge card issuers are less enthusiastic and stress that any brand new laws could possibly be high priced and burdensome. Many Republican lawmakers share those issues while having threatened to block the Senate nomination of Richard Cordray to go the agency. Continue reading ““Dear CFPB” wish listings urge action on mortgages, pay day loans, prepaid cards”