Uncategorized

CFPB offers consumers clarity amid turbulence (video)

If this week’s roller-coaster ride on Wall Street and the downgrade of the nation’s credit rating have left you feeling more than a little anxious, you’re not alone.

But consumers can find a little peace of mind in the recently launched Consumer Financial Protection Bureau.

Chris Kukla with the Durham-based Center for Responsible Lending says the new government watchdog will help consumers make better financial decisions – whether they are applying for a mortgage, choosing among credit cards, or using any number of other financial products.

Kukla says part of the bureau’s mission is to give consumers the information they need to understand the terms of their agreements with financial companies. The independent agency is also authorized to examine mortgage companies, payday lenders, private education lenders, as well as monitor fee structures and marketing practices.

Kukla discusses the CFPB and the outlook for foreclosures on News and Views this weekend. For a preview of his radio interview with Chris Fitzsimon, click below:

 

Check Also

The week’s Top Five on NC Policy Watch

  1.N.C. legislator says children’s blood “will be ...

Top Stories from NCPW

  • News
  • Commentary

“I could choose to do anything else with $50.” But Anca Stefan, a high school English teacher in a D [...]

The Cape Fear River is damaged, contaminated by decades of human malfeasance, negligence and ignoran [...]

Legislative Services Officer Paul Coble appears to be violating the state public records law and is [...]

This morning, the state Supreme Court will hear oral arguments in the pivotal case of Silver, et al. [...]

These are extraordinary times in the American experiment with representative democracy. In Washingto [...]

Public education in North Carolina has its share of challenges, not the least of which has been the [...]

The post Time to come clean appeared first on NC Policy Watch. [...]

Tax Day in 2018 in North Carolina presents an opportunity to make sure our tax code allows us to mee [...]

Now hiring

NC Policy Watch is now hiring a Managing Editor – click here for more info.