What is the Consumer Financial Protection Bureau, and why might we want to keep it?


Many of these institutions, particularly payday lenders, are notorious for preying on consumers. Some argue that it’s up to the consumer to read the fine print and figure out how these products work on their own. This sounds simple enough, but the problem is that many of these companies make their terms deliberately misleading, so the CFPB was created to provide more transparency.

pub. 02/2017