Authorizing Consumer Watchdog Group to Empower Consumers
I urged Senate leadership to quickly confirm Richard Cordray to head the Consumer Financial Protection Bureau so that the agency can begin the important work of protecting consumers against deceptive, misleading and unfair business practices. During debate of the Wall Street Reform legislation in 2010, I successfully fought to give millions of Americans free access to their credit scores, but until the Senate confirms a director for the CFPB, the new consumer watchdog will be powerless to further protect against companies that market and sell their often faulty credit score-related products, including those on misleading websites like www.freescore.com and www.freecreditscore.com. In these tough economic times, we need to ensure the CFPB is doing all it can to shield consumers against financial traps and deceptive advertisements that can lock Americans into pricey subscriptions and other credit score-related services unknowingly.
If you have further questions about this or any other issue, please contact me with your concerns.
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