- Corporate Taxes Are 10 Percent of Federal Revenue, Down from 30 Percent
- Report: Students Should Beware of Campus Debit Cards
- Bank Fees Hit New Highs
- The Top-Rated Credit Cards in the US
- JPMorgan Chase, Other Big Banks Fall Prey to Hackers
- What Cable Mergers Might Mean for Your Television Service
- Wireless Carriers Duke It Out With Unlimited Data Plans
- Report: Big Banks Mislead Customers About Overdraft Protection
The Wall Street Journal explains…
“They are now freed from some of the procedural shackles” posed by the Dodd-Frank to-do list and will have wide latitude to focus on other areas of consumer finance, said Isaac Boltansky, an analyst with Compass Point Research & Trading. He also noted that the bureau has no shortage of cash to spend on its work: The bureau left unspent nearly $44 million of its $343 million 2012 budget.
They spent most of their first couple years getting established, reading up on research and setting some rules. They’ve begun oversight over payday lenders and credit reporting agencies, and have been scrutinizing bank fees and student loans.
Now they’ve got room and, after the election, political backing to start doing more to protect consumer rights. What unfair financial practices would you like to see the CFPB address?