The Consumer Financial Protection Bureau's public complaints database levels the playing field for private student loan borrowers -- giving aggrieved private student borrowers true negotiating strength in a financial marketplace that is tilted toward banks.
For 100 years the world has been on a fairly consistent march towards more and more free enterprise, and deeper and more sharp edged caverns of capitalism. And for approximately 80 of those years, most of the developed world was not on a bad path.
The Justice Department and the Consumer Financial Protection Bureau have sent civil subpoenas to dozens of financial companies, including the online lenders, many of which are located on Indian reservations to avoid complying with consumer protection laws.
Other countries have more extensive postal banking systems that still exist. Israel's postal bank offers checking and saving accounts as well as bill-paying services for utility bills. Why can't we do the same in this country?
The federal watchdog agency protects consumers by enforcing fairness and transparency around financial products and services, providing information around numerous topics such as financial scams, predatory lending, mortgages and college loans.
As America's children grow up and enter into the health insurance marketplace on their own, they will be the first generation who simply will not understand what the terms 'pre-existing condition' and 'lifetime cap' mean.