7 money-related things to give thanks for
Consumer Financial Protection Bureau
With a congressionally confirmed director, the Consumer Financial Protection Bureau is here to stay, says Tom Feltner, director of financial services for the Consumer Federation of America.
"I think that's the No. 1 thing" for which consumers can be thankful, he says. "Having a consumer protection agency whose sole mission is to keep consumers safe in the consumer marketplace is a dramatic improvement over the patchwork we had a few years ago."
Recently, the bureau opened its ombudsman's office, says David Jones, president of the Association of Independent Consumer Credit Counseling Agencies.
"It's very good for consumers, and brand new this year," he says. "They've gained a lot of strength, and they're starting to flex their muscles where consumers need help."