Tuesday, July 21, 2015

Consumer bureau celebrates 5th birthday with big fines for Citibank

http://www.dailykos.com/story/2015/07/21/1404306/-Consumer-bureau-celebrates-5th-birthday-with-big-fines-for-Citibank
"the Consumer Financial Protection Bureau (CFPB), a first-of-its-kind consumer watchdog, which has created strong safeguards for Americans taking out mortgages, paying student loans, using credit cards, and dealing with debt collectors. The Bureau’s enforcement activities have also returned more than $10.1 billion to more than 17 million consumers. Building on that record, the Department of Labor recently proposed new rules to crack down on conflicts of interest in retirement advice, requiring retirement advisers to put their clients’ best interests first."