“The watchdog agency
envisioned by Massachusetts Sen. Elizabeth Warren was created in 2010 as part
of an effort to revamp financial laws in the U.S. The CFPB was charged with
protecting consumers from potentially predatory financial products and with helping
better inform borrowers about the loans they're taking out,” according to Amber
Phillips.
1. Making sure you can't get a mortgage you
can't afford
2. Simplifying
mortgage-speak
3. Going back to school (student loans)
4. Fining mortgage lenders for rewarding
bad-for-borrower behavior
5. Helping individuals stand up to corporate
giants
6. Making it easier for stay-at-home workers to
get credit cards
7. Keeping payday lenders in check
8. Keeping auto lenders from taking minority
borrowers for a ride
Read the details at: http://www.sltrib.com/sltrib/money/57219592-79/amet-comnietur-consed-deck.html.csp
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