The Consumer Finance Protection Bureau ” is charged with overseeing the Federal financial laws that specifically protect consumers—people who keep their money in banks and credit unions, pay for goods and services with their credit cards, and rely on loans to buy homes or pay for college, among other services.”
Consumer Financial Protection Bureau
Jeff Madrick, senior fellow at the Roosevelt Institute, discusses the new consumer protections enacted as part of the Wall Street reform bill passed last year.
Can an agency protect consumers from making bad decisions about their finances? We meet one military family whose situation seems tailor-made for the mission of the new Consumer Financial Protection Bureau.