CFPB is useful if you were mistreated by your banks
January 4, 2012 7:15pm CST
Honestly, the government is about to do something to protect our consumers, and the dear taxpayers who pay trillions of dollars to bail out those mega - banks. Those banks won't feel a single appreciation, and take advantage on us on many occasions. They were attempted to charged us on checking account management fees, and high interest on credit cards, and also those miscellaneous fees that we won't recognize of. Why still protect those mega banks while they were doing everything wrong. Now, the Fed has this "Consumer Financial Protection Bureau" in place, we can file complaint against those financial institutions that you feel been mistreated. They will investigate the case to see if such similar cases occurred with others in their database, and they will get the result from the banks, and will come back to you for the status of your complaint. So, take advantage of it if you felt mistreated. Never been silent again.
1 person likes this
• United States
9 Jan 12
I agree, the baks have always taken advantage of the people. And I believe they will always try to take advantage. The best ay to combat them is to, first, become a customer of a foreign bank like maybe TD Bank. Then stop using credit cards. Use cash or your debit card instead. After all, most people got into trouble by using credit cards because the minimum payment looked simple. But when the balance started to grow, no one was able to pay them off. So, stay away from credit cards.