Do Americans need an agency to protect us from consumer fraud, credit card scams and evil bankers?
CFPB = Consumer Fraud Protection Bureau “Those who are blocking Elizabeth Warren from even being nominated are members of ‘The Financial Crisis Never Happened Caucus’,” Rep. Maloney said. “In her role as Assistant to the President since September creating the CFPB, Mrs. Warren has shown her unique skills in traveling across the country and meeting with everyone to be affected by the new body: from bank executives to those with troubled mortgages. She’s demonstrated that a regulator must reach out, listen to all sides and decide issues in the public interest. It’s time for the President to appoint her to the Director’s job—regardless of her misguided Senate opponents.” “Just last month, the CFPB proposed simple one-page disclosure forms for mortgages that make clear the terms and conditions in plain English. It’s beyond me how things like this so terrify the CFPB’s antagonists,”
Asked By: bad girl - 6/2/2011
Best Answer - Chosen by Asker
Republicans support anything that helps big business and oppose anything that could cut into their profits. If we have an agency that helps prevent big business from ripping off consumers, they won't make as much money from ripping off consumers. This will hurt their profits and be bad for big business. Too bad the... More
Answered By: Alan S - 6/2/2011
Additional Answers (7)
Answered By: Aimal Gul - 6/2/2011
the bankers and corporations have way too much control to build something like this. They have already bought our government along time ago. So they would no agree with doing something like this.
Answered By: ? - 6/2/2011
Yes, we need this agency to protect us against predatory banking practices. Actually, the CFPB proposed a 2-page mortgage disclosure form. You can vote for your favorite: http://www.consumerfinance.gov/knowbeforeyouowe/
Answered By: falsi fiable - 6/2/2011
To be frank, I think we have enough committee's, boards, "blue ribbon panels", too much government bureacracy. Seems the president and his cabinet are too dumb to do anything for themselves and are always looking for a reason to create one more panel or one more committee or one more board of inquirey. And all this... More
Answered By: Nightwind - 6/2/2011
YES. I've been following this story and it's pathetic no matter what kind of protections are put in law the Wall Street Criminals manage to rig the system. It's no secret Wall Street was the largest contributor to Obama's campaign.
Answered By: J - 6/2/2011
In the rest of the world this agency is called the government you should look into it.
Answered By: richard t - 6/2/2011
If you think banks are evil, you deserve any agency to be imposed on you.
Answered By: rjrolla - 6/2/2011
Find job openings in your area. Apply for open job positions today.
$21/hr Start, Avg Pay $72K/yr Check Our Map of the 1700 Openings.
New job opportunities added daily. Search & apply for DC jobs now.
Click. Search. Apply. Free!
Other Career Questions
What jobs are there in the business field that are night jobs? Places and job titles please. Im have a BA in Business Admin and looking for a night job, already have a morning/day job.
Enumerate these jobs Say, patent application writting. patent application writing. In a company, what jobs are needed to keep confidential?
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.