If the CFPB is Weakened, Won't the Credit Bureaus Run Amok (Again?)
March 28, 2017
March 28, 2017
SEATTLE, March 28 -- The Washington Public Interest Research Group issued the following news release:
A leading consumer group warned that special interest attacks designed to weaken the Consumer Financial Protection Bureau would also jeopardize its efforts to rein in the Big Three credit bureaus, which make mistakes that deny financial or employment opportunity to millions. The group added that since 2011 the successful CFPB has returned nearly $12 billion to 29 million consumers . . .
A leading consumer group warned that special interest attacks designed to weaken the Consumer Financial Protection Bureau would also jeopardize its efforts to rein in the Big Three credit bureaus, which make mistakes that deny financial or employment opportunity to millions. The group added that since 2011 the successful CFPB has returned nearly $12 billion to 29 million consumers . . .