Ex-CFPB Official Nominated to Lead NJ Consumer Affairs

Ex-CFPB official nominated to lead NJ consumer affairs

Christopher Peterson, a law professor at the University of Utah and former senior advisors at the Consumer Financial Protection Bureau, is the latest top hire for a Democratic state stepping up consumer protection.

It’s Your Money: Once a consumer hero, CFPB has cost consumers $26.5B in 18 months

TheTrump administration’s handling of the CFPB has cost American consumers an estimated $26.5 billion – and that’s just what can be quantified. Hard to believe this is the agency that in its first 14 years saved Americans $21 billion in junk fees and other consumer ripoffs. It was poised to save you more, including limiting overdraft fees and credit card late payment fees, but those rules were done away with when Trump took office. Everyone, exc…