The New York Times has published what it calls a debate on how the Consumer Financial Protection Bureau should (or should not) exercise its power. It's actually six essays by . . .
New York AG Eric Schneiderman [Reforms in mortgage abuse can become regulations. Action on debt and credit can be expanded. Financial literacy can be a priority.]
Law prof Todd Zywicki [The wave of regulation since the financial crisis has already hurt vulnerable, low-income consumers.]
Consumer advocate Chi Chi Wu [Abuses and errors by credit agencies and debt collectors can be reined in and well-regulated now.]
Head of the National Association of Student Financial Aid Administrators Justin Draeger [Voluntary actions by lenders should become federal requirements as the private loan market continues to grow.]
Financial industry lawyer Andrew Sandler [The agency has noble goals, but parts of its approach may be self-defeating. When financial businesses feel skittish, vulnerable consumers are likely to be shut out.]
Housing finance specialist Julia Gordon [The mortgage servicing system is still rife with problems. Families shouldn't be having their homes sold in foreclosure when they're trying to negotiate a solution.]