You are hereHome >
President Appoints "America's Consumer Watchdog"
CoPIRG applauds President Obama for standing up for consumers by making a recess appointment of former Ohio Attorney General Richard Cordray to head the new Consumer Financial Protection Bureau. The President’s action means that the CFPB indisputably now has all its powers to protect the public from unfair financial practices, whether by banks or other financial firms, such as payday lenders and credit bureaus.
The CFPB is the nation’s first federal financial regulator with only one job—protecting consumers -- including seniors, students and servicemembers -- from unfair financial practices. Now, with a director in place, the CFPB has additional abilities that kick in—including the right to supervise payday lenders, mortgage companies, credit bureaus, debt collectors, private student lenders and other non-banks. It also now has additional powers over banks and credit card companies.
Tools & Resources
The CUT Loopholes Act would put an end to the price and profit shifting that allows publicly traded companies to engage in pervasive tax avoidance.
Join our network and stay up to date on our campaigns, get important consumer updates and take action on critical issues.
Your donation supports CoPIRG's work to stand up for consumers on the issues that matter, especially when powerful interests are blocking progress.