VPIRG report shows need for Consumer Protection Bureau
July 21, 2011
The Consumer Financial Protection Bureau takes over enforcement of all major U.S. consumer laws July 21st. The agency was created in the wake of the Wall Street scandals that led to the Great Recession, and is tasked with protecting consumers from predatory lending and financial traps. Unfortunately, Wall Street banks have asked their friends in Congress to hamstring the agency by denying it a director. Now a new VPIRG report shows why we need this agency.