A national poll conducted by polling agency Zogby Analytics found a majority of American consumers hold a negative opinion of the Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau (CFPB) was created by the Dodd-Frank Wall Street Reform and Consumer Protection Act to advocate for consumers and enforce new financial laws and regulations.
The poll, commissioned by the U.S. Consumer Coalition, found 55 percent of respondents believe the agency’s financial data collection methods are as intrusive as the National Security Agency’s domestic surveillance programs.
Hurting, Not Helping?
Kel Kelly, a researcher at the Ludwig von Mises Institute, says CFPB infringes on consumers’ privacy while claiming to help them.
“It could easily be argued that the CFBP is intruding into people’s lives in the name of helping them,” Kelly said. “Though polls show that most people are against this encroachment, given the way our government works, the CFBP will likely now receive...
After months of fighting with the popular transportation-network company Uber, New York City Mayor Bill de Blasio is backing away from proposed restrictions on how many new drivers the company can hire.
As part of the compromise reached between de Blasio administration officials and Uber, the ridesharing company agreed to turn over geolocation data to the city to assist a planned four-month study on the service’s effect on city traffic patterns.
Stated Goals, Real Goals
Jared Meyer, a...
Illinois state government agencies have been partially shut down since July 1, after budget negotiations between the Democrat-controlled state legislature and Gov. Bruce Rauner (R) broke down and the fiscal year ended without an agreement.
In late June, Rauner vetoed lawmakers’ proposal to increase the state’s deficit spending by $3 billion. In turn, legislative leaders have rejected Rauner’s budget proposal, balking at proposed reforms to the state’s labor laws and its workers compensation and...