代写范文

留学资讯

写作技巧

论文代写专题

服务承诺

资金托管
原创保证
实力保障
24小时客服
使命必达

51Due提供Essay,Paper,Report,Assignment等学科作业的代写与辅导,同时涵盖Personal Statement,转学申请等留学文书代写。

51Due将让你达成学业目标
51Due将让你达成学业目标
51Due将让你达成学业目标
51Due将让你达成学业目标

私人订制你的未来职场 世界名企,高端行业岗位等 在新的起点上实现更高水平的发展

积累工作经验
多元化文化交流
专业实操技能
建立人际资源圈

Role and controversy of the Consumer Financial Protection Bureau (CFPB)

2021-12-16 来源: 51Due教员组 类别: Essay范文

51Due教员组给各位留学生分享一篇纯原创代写范文essay,文章主要讨论重点是消费者金融保护局(CFPB)的作用和争议。CFPB是负责保护消费者金融市场的政府机构。根据2010年多德-弗兰克华尔街改革和消费者保护法的授权,CFPB被批准作为对2008年金融危机和随后衰退的回应。

希望这篇可以帮助到各位留学生,同时需要代写课业可以直接联系我们51Due客服(vx:Athey520)进行咨询。

The CFPB is a governmental agency responsible for protecting consumer financial market. Authorized by the Dodd-Frank Wall Street Reform and Consumer Protection law of 2010, the CFPB was approved as a response to the 2008 financial crisis and subsequent recessions.

The CFPB has authority over a number of financial service organizations, including banks, credit unions, securities firms, thrifts institutes, and mortgage-servicing operations. Besides to programs conducted by the CFPB, the Bureau also responsible for other agencies’ consumer finance programs facilitation. Additionally, it takes charge of the enforcement of a series of finance legislation, such as the Electronic Fund Transfer Act (McAdams, 2014).

The CFPB is favored by many Americans for its efforts to promote transaction fairness and transparency for consumers (CFPB(a), n.d.). The Bureau has two major approaches to obtain its objective. For one, the agency helps with the consumer finance market through making and enforcing regulations that cover common consumer financial products and services, as well as supervising relevant financial organizations to ensure the transparency and fairness of their business. For another, the CFPB provides financial education for consumers so as to enable them better understand the values and risks of products or services in the financial market (CFPB(a), n.d.). To better understand public opinion, the agency launched an online portal where enables consumers to file complaints related to US financial market in 2012 (CFPB (b), n.d.).

As one of the most powerful agencies regulating the market, the CFPB also faces a lot of controversy. Fears and worries come from three major parts. Firstly, many worry that strong governmental regulation might lead to market failure, for a group of people stands for limited government and free markets (McAdams, 2014). Furthermore, some criticize the CFPB for its broad authorities and priorities (White, 2017). In addition to its broad authorities over consumer finance laws and organizations, its budget comes directly from the Federal Reserve and is not controlled by the government. Moreover, CFPB director’s power is not restrained by Congress or thegovernment, and the director cannot be dismissed if without major mistakes. Thirdly, the agency is criticized based on its organization structure and management. Some critics described the CFPB as a “radical structure” under the director’s sole control, and blamed it as lacking in financial transparency and accountability to the government or the Congress (Hensarling, 2013; White 2017.).

51due留学教育原创版权郑重声明:原创优秀代写范文源自编辑创作,未经官方许可,网站谢绝转载。对于侵权行为,未经同意的情况下,51Due有权追究法律责任。主要业务有essay代写assignment代写paper代写作业代写、论文代写服务。

51due为留学生提供最好的论文代写服务,亲们可以进入主页了解和获取更多代写范文提供论文代写服务,详情可以咨询我们的客服QQ:800020041。

上一篇:Historical events bring about 下一篇:Microplastics on Marine ecolog