Search SEARCH

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)
Yes
Source(s):
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
 
Sponsored results
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Jobs.Quick-com
Click. Search. Apply. Free!
www.JobDiagnosis.com
New100%CommissionProgramMake$225+DailyWithNoPaidAdvertisingJoinNow!
www.universalbusinesseslimited.com
Jobs hiring near your local area. Part-time, Full-time, Work at home.
www.HiringLocally.com

Other Career Questions

What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
3 answers - Asked By: drop pants not bombs!.♥ - 3/2/2010
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
4 answers - Asked By: bayebd24【ツ】 - 11/21/2007
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
1 answers - Asked By: roseparkerly - 1/26/2009

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.

Popular Articles

Best-Paying Work-from-Home Jobs Article Rating
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 Article Rating
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.
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.1.40.24-208
eTrustLogo