Thursday, February 17, 2011

Consumer Financial Protection Bureau - New Hires

Treasury Department Press release 2-17-10

At first glance, I'm disappointed to see a bunch of former bankers appointed to the Implementation Team for the new CFPB.  These bankers are supposed to set up the framework for how the Bureau will protect consumers from -- you guessed it -- financial institutions such as banks.

Nothing like sending the fox to guard the henhouse.

Greg Reichenbach
Bluffton Ohio

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