California Real Estate Fraud Report

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11
Jul

The Consumer Financial Protection Bureau (CFPB) Must Be Saved

The Consumer Financial Protection Bureau (CFPB), created as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, is one of the few federal agencies that exists to protect We ThePeople against predatory, misleading and fraudulent practices financial institutions have used to steal from us.

One of the CFPB‘s most recent accomplishments was to fine Wells Fargo $185 million and force it to return fees it had unlawfully charged its customers. This was in conjunction with a lawsuit filed against Wells Fargo by the Los Angeles City Attorney.

The current Administration and Republicans in Congress are openly trying to shut down the CFPB and go back to the “good old days” of no regulation of the financial sector.

Read this interesting article called “Why We Need to Save the Consumer Financial Protection Bureau.”

© Copyright 2007-2017 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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