Source:
The HillThe Consumer Financial Protection Bureau (CFPB) established an online presence Thursday, when the Treasury Department unveiled a "beta" version of its website.
The CFPB, created as part of the Dodd-Frank financial reform law, does not officially begin work until July, but it is already reaching out to the public for input via the Internet.
“We want to make sure that you are with us all the way while we build it,” said Elizabeth Warren, the Harvard law professor charged with setting up the bureau, in an introductory video. "We are now open for suggestions," she added.
The CFPB was created to serve as a consumer watchdog, and Warren has indicated the new agency will push for financial companies to provide plain-English explanations of financial services, making it easier for consumers to compare and shop for financial products and loans.
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http://thehill.com/blogs/on-the-money/banking-financial-institutions/142017-cfpb-open-for-online-input
WASHINGTON - February 3 - Statement of U.S. PIRG Consumer Program Director Ed Mierzwinski on the launch of the Consumer Financial Protections Bureau's new website.
"The new Consumer Financial Protection Bureau (CFPB) has something new for American consumers. ConsumerFinance.gov is a government website that actually says ‘come on in and talk with us,' instead of one that says ‘go away, we cannot help.'
"The website, ConsumerFinance.gov, is chock-full of features that help show why creating the consumer bureau as part of Wall Street reform was a step toward better government, not more government.
"Even though the CFPB won't formally take on its responsibilities to help consumers navigate the financial marketplace until July, its leaders, under Professor Elizabeth Warren, are already asking consumers to tell their stories and ask questions, using the most modern web tools, including videos and social networking platforms.
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