The CFPB may help customers by requiring a regular, one page bank card agreement.

The CFPB may help customers by requiring a regular, one page bank card agreement.

President Barack Obama announces the nomination of previous Ohio Attorney General Richard Cordray given that very first manager regarding the customer Financial Protection Bureau. Manuel Balce Ceneta/The Associated Press.The Consumer Financial Protection Bureau has exposed for company, its mailbox piled high with wish listings from customer advocacy teams by what the brand new agency should tackle first.

The arrival of the CFPB, the banking industry and other financial services providers such as payday lenders, debt collectors, consumer credit bureaus and credit card issuers are less enthusiastic and worry that any new regulations could be costly and burdensome while consumer groups cheer.Read more