Kathleen Pender of the San Francisco Chronicle has written this story about what the Consumer Financial Protection Bureau has been up to during its first year, including a survey of reactions from the business and consumer advocacy communities. It ends with a short list of key CFPB accomplishments:
-- Adopted a final rule that provides consumer protections on international electronic money transfers (sfg.ly/NmQZLT)
-- Started taking complaints and inquiries about credit cards, mortgages, bank accounts, private student loans, auto and other consumer loans (consumerfinance.gov/complaint or (855) 411-2372)
-- Posted a sortable database of credit card complaints (consumerfinance.gov/complaintdatabase)
-- Released a student debt repayment assistant tool (consumerfinance.gov/students/repay)
-- Posted answers to about 500 questions (consumerfinance.gov/askcfpb)
-- Proposed rules for simplifying mortgage disclosures
-- With other law enforcement agencies, launched a central database (not available to the public) to track companies that rip off military personnel
Not that it matters, but according to his wife, he donated $1,000 and "several hundred dollars online" to the Nadar campaign. So much for Carreon being a "major" contributor, as he claimed.
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