The Consumer Financial Protection Bureau (CFPB) officially opened for business this week.
At last week’s White House Hispanic Policy Conference, we had several fascinating conversations with Latino leaders about what the CFPB means for Latino families in particular.
For the first time, all Americans will have an agency with the primary mission to look out for consumers in the financial marketplace. The CFPB, created by last year’s Dodd-Frank Wall Street Reform and Consumer Protection Act, will be a cop on the beat to enforce the laws on credit cards, mortgages, student loans, payday loans, and other kinds of financial products and services.
Fonte: White House