As I was driving and listening to the radio the other day, there was an interview between a University Professor (can't remember his name right now) and the interviewer regarding some of the cost saving proposals served up by the present administration. One of the proposals was the reduction if not elimination of the Consumer Financial Protection Bureau (CFPB). Have we already forgotten the reason the CFPB was created in the first place. Is our memory so short, so blinded by the still somewhat anemic economy, but glaring stock market surge.
I for one am a strong proponent of keeping and strengthening the CFPB. Why you might ask. It's really very simple. The average consumer needs an agency, a village if you will, to advocate on their behalf. Seemingly as it has become more and more difficult to navigate the complexities of the financial world, we, you, all of us need a source to help us simplify, understand, and protect the interest of the average consumer.
If you care, contact your local, state, and national government officials and let them know you want to SAVE the CFPB.
Until next time,
Plan Well.....LIve Well