The CFPB is Open for Business

That’s right, the Consumer Financial Protection Bureau is now open for business. It has been in an extended start-up phase since the Dodd-Frank Act passed a year ago, but as of today (July 21st) it is empowered to act on its congressional mandate to provide a “single point of accountability” to make sure that the market for financial products and serivces is fair and transparent. In the long run, this will benefit American consumers and the providers of financial services. Check out their website, read the latest from Elizabeth Warren, and find out more about the nominated inaugural director, Richard Cordray. Happy Birthday, CFPB! Nice logo.