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Warren Letter.pdf

2018-12-17 Letter to CFPB IG re agency name change.pdf
Preview of Warren Letter
🔗 Source: warren.senate.gov
📊 Size: 2.83 MB
📄 Pages: 3 pages
⬇️ Downloads: 131

Summary

Senator Elizabeth Warren requests an investigation into the decision to change the name of the Consumer Financial Protection Bureau (CFPB) to the Bureau of Consumer Financial Protection (BCFP), citing unnecessary costs, violation of legal requirements, and potential confusion for consumers. The estimated cost of the name change is between $9 million and $19 million for the agency and $300 million for the banking industry. The change was made without following proper procedural steps, including amending relevant rules and analyzing the impact on small businesses. The investigation should answer questions about who decided to change the name, what formal processes are required, and whether the change was made in accordance with relevant laws.

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Description

Senator Elizabeth Warren requests an investigation into the decision to change the name of the Consumer Financial Protection Bureau (CFPB) to the Bureau of...

Technical Information

  • File Format: PDF
  • File Size: 2.83 MB
  • Pages: 3
  • Language: EN
  • Total Downloads: 131
  • Last Updated: 7 days ago

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