Today, the Consumer Financial Protection Bureau implementation team will hold a roundtable at the White House with key leaders from the religious community. At the new consumer bureau, we spend a lot of time listening. We know that when Americans…
Editor’s Note: This post originally appeared on the White House blog. On July 21, 2010 President signed the Wall Street Reform bill into law. One part of that law created the new Consumer Financial Protection Bureau to protect and empower…
We’ve had a fun, busy day: launching the website, checking out suggestions as they come in and rounding up a few of our staffers to respond to your suggestions. And now we’ve just posted the first of these Open for…
Use your YouTube or Twitter account to post your recommendations for this new agency.
The CFPB will work to promote fair competition for depository and non-depository institutions, large and small. No one should be able to ignore the rules in order to take customers away from those who follow them.
The CFPB will work to ensure that financial companies make the true price clear to consumers so they can make the decisions that are best for them. Companies shouldn’t compete by figuring out how to fool you best. Transparency means that markets really work for consumers.
Treasury Secretary Henry Paulson proposes a federal commission to protect consumers.
Senators Richard Durbin, Edward Kennedy, and Charles Schumer join Representatives Bill Delahunt and Brad Miller to introduce a bill to create a “Financial Product Safety Commission” modeled on a 2007 article by Professor Elizabeth Warren.
At the direction of President Barack Obama, the Treasury Department releases a white paper on financial reform that recommends a strong and accountable consumer agency.
The House of Representatives first passes the “Wall Street Reform and Consumer Protection Act of 2009,” which creates a strong and accountable consumer agency.
The Senate first passes the “Restoring American Financial Stability Act of 2010,” which includes a strong and accountable consumer bureau.
A Senate-House conference committee reports out the “Dodd-Frank Wall Street Reform and Consumer Protection Act,” which establishes the new Consumer Financial Protection Bureau (CFPB).
The “Dodd-Frank Wall Street Reform and Consumer Protection Act” passes both houses of Congress, and President Obama signs the bill.
Professor Elizabeth Warren is appointed Assistant to the President and Special Advisor to the Secretary of the Treasury. She is to be responsible for overseeing the development of the CFPB.
The CFPB Implementation Team surpasses 100 employees. View the full timeline to check out some of the latest hires.
ConsumerFinance.gov launches.
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