Hiding Complaints About Wall St. Benefits Mulvaney Donors
By Pamela Foohey and Amy Schmitz (June 11, 2018, 2:53 PM EDT) -- The Consumer Financial Protection Bureau is meant to protect consumers. Established in the wake of the financial crisis of 2008, it is designed as a watchdog agency with enforcement and rulemaking authority over federal consumer financial laws. It also collects and responds to people's complaints about consumer financial products and services.
Since its founding, the CFPB has handled over 1.2 million complaints, assisting people with problems regarding credit reporting, debt collection, mortgages, prepaid cards and student loans. Starting in 2012, the CFPB has made public a database of consumers' complaints. The database has been heralded for helping to hold companies like...
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