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“Dear CFPB” wish listings urge action on mortgages, payday advances, prepaid cards

“Dear CFPB” wish listings urge action on mortgages, payday advances, prepaid cards

The buyer Financial Protection Bureau has exposed for company, its mailbox piled high with wish-lists from customer advocacy teams in what the agency that is new tackle first.

While consumer groups cheer the arrival for the CFPB, the banking industry along with other monetary solutions providers such as for example payday loan providers, loan companies, credit rating bureaus and bank card issuers are less enthusiastic and stress that any new laws could possibly be expensive and burdensome. Continue reading