06 Sty The CFPB, the banking industry as well as other monetary solutions providers such as for example payday loan providers, loan companies,
President Barack Obama announces the nomination of previous Ohio Attorney General Richard Cordray once the very first manager regarding the customer Financial Protection Bureau. Manuel Balce Ceneta/The Associated Press.The customer Financial Protection Bureau has exposed for business, its mailbox piled high with wish listings from customer advocacy teams in what the agency that is new tackle first.
The arrival of the CFPB, the banking industry and other financial services providers such as payday lenders, debt collectors, consumer credit bureaus and credit card issuers are less enthusiastic and worry that any new regulations could be costly and burdensome while consumer groups cheer.