Advocates Stress the Importance of Creating a CFPB

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AFFIL,  is one of several advocacy groups presenting testimony at a House Financial Services Committee hearing today at 10 am. Watch the hearing live or read all witness testimony by visiting the House Financial Services Committee site here.

The hearing titled, "Regulatory Restructuring:  Enhancing Consumer Financial Products Regulation,"  will address the importance of creating a Consumer Financial Protection Agency (CFPA).

Ed Mierzwinski of US PIRG and Travis Plunkett of the Consumer Federation of America will present the testimony on behalf of AFFIL and twelve other organizations. 

Here's a short video clip produced Consumers Union explaining what the proposed Consumer Financial Protection Agency is all about

As Sam Glover of Caveat Emptor puts it "If you buy a sports car, you are not likely to accept a station wagon when you go to pick up your new car. But that happens all the time with financial products,..."

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