Republicans in Congress and the White House have been very blunt about their desire to gut the Consumer Financial Protection Bureau (CFPB).
The agency was launched in 2011 in the aftermath of the financial crisis as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The goal was to protect consumers from deceptive or misleading practices in the financial industry.
So what would you miss if the CFPB suddenly disappeared?
In short, a lot, including a just-issued rule that would prevent financial companies from using arbitration clauses to prevent people from having their day in court.
Read Full Article »
