The CFPA Levels the Field for Communities of Color
Wilberg Ricks, Nancy
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The creation of an agency whose sole mission is to police the market on behalf of consumers could significantly improve the caliber of financial services available to Hispanic families. If successful, the proposed Consumer Financial Protection Agency (CFPA) would raise banking standards, increase oversight and accountability, enforce neglected laws protecting consumer and civil rights, and improve access to credit through innovative credit, banking, and savings products.