Above: watch Professor Elizabeth Warren explain the CFPB.
The CFPB will be a federal agency whose mission will be to protect consumers from dangerous financial products and practices. This will include credit cards, mortgages, debit cards, consumer loans, payment systems, bank accounts, and more. Created by the Dodd-Frank Wall Street Reform and Consumer Protection Act in July of 2010, the Bureau will be up and running in 2011.
Americans for Fairness in Lending (AFFIL) and Americans for Financial Reform (AFR) are partnering to reform the nation's lending industry and financial system to protect Americans' neighborhoods, homes and pocketbooks.
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