Pages

Wednesday, November 16, 2011

Can you effectively run a business, without a manager or business owner? Why should the CFPB?

In 2010 Congress took a bold and courageous move and passed the Dodd-Frank Wall Street Reform and Consumer Protection Act which created a new consumer cop on the beat, in the Consumer Financial Protection Bureau!  Consumers and Consumer Advocates lauded this bold and necessary move.  Finally, there would be a cop on the beat whose sole interest and mandate came from the consumer.

Unfortunately, it didn’t take too long for Wall Street to recover and launch a counter insurgency against the new agency before it even started.  As usual, rather than doing it themselves, they sent their favorite minions, Congress!  Over the last year since the passage of Dodd-Frank, House Republicans have introduced measure after measure that would effectively handicap and weaken the CFPB if it passes and most recently Republican leaders in the Senate have made good on their pledge to block Richard Cordray’s nomination to direct the CFPB, leaving the Bureau without the full authority it needs to do its job.  Months after its launch and the presidential nomination, the CFPB still does not have a director.

This week there was a National Day of Action to draw attention to the fact the Consumer Financial Protection Bureau has no director.  The only thing standing in the way of a director being voted on is Congress.  NACA along with other consumer advocates are trying to get the word out and encourage consumers and advocates to call their Senators and let them know that the CFPB must have a director NOW! 

Call your senator let them know that this may work well for Wall Street banks, and financial industry special interests, but it doesn’t work for you!  


Written by Delicia Reynolds, Legislative Director, National Association of Consumer Advocates

3 comments:

  1. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

    BORROWERS APPLICATION DETAILS


    1. Name Of Applicant in Full:……..
    2. Telephone Numbers:……….
    3. Address and Location:…….
    4. Amount in request………..
    5. Repayment Period:………..
    6. Purpose Of Loan………….
    7. country…………………
    8. phone…………………..
    9. occupation………………
    10.age/sex…………………
    11.Monthly Income…………..
    12.Email……………..

    Regards.
    Managements
    Email Kindly Contact: urgentloan22@gmail.com

    ReplyDelete
  2. Thanks for your great and helpful presentation I like your good service.I always appreciate your post. Excellent information on your blog, thank you for taking the time to share with us.
    customer advocate

    ReplyDelete