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" If you’ve ever had to dispute a charge on a credit card, fix a mix-up with your mortgage or stop a debt collector from hounding you, you’ve benefited from the work of a federal watchdog agency that is now under fire in Washington.
The Consumer Financial Protection Bureau arguably has done as much to change the financial lives of consumers as any other government agency in history.
Most Americans who have a credit card, bank account, mortgage, student or personal loan, or who care about their credit rating, have been helped by the CFPB. Some 29 million of them, or about 1 of every 8 adults, are receiving direct financial relief — money returned to them — as a result of the bureau’s work since it opened six years ago.
A review of the agency’s record by NerdWallet found that for every $1 in federal spending on the bureau, more than $4 has been placed back in consumers’ pockets. The agency says it has saved or returned to Americans nearly $12 billion since 2011, while costing taxpayers $2.9 billion to operate. "
http://www.usatoday.com/story/money/personalfinance/2017/03/17/your-wallet-suffer-if-agency-gutted/99170168/?hootPostID=611899011912e93ca164a0e0ebb1701c
The Consumer Financial Protection Bureau arguably has done as much to change the financial lives of consumers as any other government agency in history.
Most Americans who have a credit card, bank account, mortgage, student or personal loan, or who care about their credit rating, have been helped by the CFPB. Some 29 million of them, or about 1 of every 8 adults, are receiving direct financial relief — money returned to them — as a result of the bureau’s work since it opened six years ago.
A review of the agency’s record by NerdWallet found that for every $1 in federal spending on the bureau, more than $4 has been placed back in consumers’ pockets. The agency says it has saved or returned to Americans nearly $12 billion since 2011, while costing taxpayers $2.9 billion to operate. "
http://www.usatoday.com/story/money/personalfinance/2017/03/17/your-wallet-suffer-if-agency-gutted/99170168/?hootPostID=611899011912e93ca164a0e0ebb1701c