Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
CFPB state AGs announce coordination framework
WASHINGTON (4/12/11)--The Consumer Financial Protection Bureau (CFPB) and the Presidential Initiative Working Group of the National Association of Attorneys General (NAAG) announced a Joint Statement of Principles Monday, saying it is the first step in “forging a new partnership between federal and state officials to protect consumers of financial products and services.” Elizabeth Warren, Special Advisor to the President on CFPB, said she anticipated the cooperative agreement will have a profound effect on the consumer financial markets. She made her remarks at the NAAG Presidential Initiative Summit in Charlotte, NC. Warren’s prepared remarks to summit participants noted: “Together, we can pose a greater deterrent to unscrupulous financial services providers. We can protect more consumers, and we can ensure that more institutions follow the rules.” The joint principles were developed to advance three goals shared by the CFPB and state attorneys general to intended to ensure protections for consumers of financial products and services:
* Protect consumers of financial products or services from unlawful acts or practices; * Provide clear rules that improve the marketplace for consumers and remove unfair competition for the benefit of law-abiding businesses; and * Find ways to promote understanding and address concerns raised by consumers about financial products or services as efficiently and effectively as possible.
Use the resource link below for more details.
Other Resources

RSS





print
News Now LiveWire
Watching #SuperBowlXLIX this Sunday? Look for regional #creditunion #commercials @CltMetroCU @BECU @golden1cu #Seahawks #Patriots
13 hours ago
Philadelphia's American Bakery Workers FCU liquidated by @TheNCUA; @trumarkonline assumes shares
14 hours ago
More branch shutterings by @Citi: 4th-largest bank to close 10% of #Chicago area branches HT @CrainsChicago http://t.co/2vAvgucLY5
14 hours ago
56% struggle with subprime credit scores says @cfed survey HT @washingtonpost http://t.co/RHmMvuhNtw
15 hours ago
How to use social media for crisis communications Feb. 10 webinar from @SBAgov, @AgilityRecovery http://t.co/d16t8RHr7n
16 hours ago