Skip to main content

The CFP-Who? Survey Finds Little Public Awareness of Regulator

Mar 06, 2017

A new survey is finding that the agency tasked with protecting the rights of American consumers is barely known by the people it is supposed to be helping.
 
In a national telephone poll of more than 500 adults survey commissioned by CreditCards.com, 81 percent of respondents said they could not offer an opinion of the Consumer Financial Protection Bureau (CFPB) because they barely knew anything about it. Among the 17 percent that were aware of the CFPB, 12 percent approved of its work, four percent disapproved and three percent had no opinion. Even more striking, 91 percent of young adults between 18 and 24 were familiar with the CFPB.
 
The CreditCards.com poll also asked if respondents would support the concept of a federal agency that protects consumers from unfair, deceptive or abusive conduct. Eighty percent said yes, with about as many Republicans as Democrats favoring the idea.
About the author
Published
Mar 06, 2017
Fed Rate Could Be Down To 4.6% By Year's End

Inflation must hit its 2% goal for Fed to reduce rates.

New Compliance Requirements Add Challenges

Latest changes arrive at an already disruptive time in the mortgage industry

Changes Coming For Investment Properties

Using leases to qualify will require Proof

FCC Adopts New Rules To Close The 'Lead Generator Loophole'

Mortgage lead providers respond, saying this will "wipe out" several small and mid-tier businesses

Trade Associations & Lenders Stand Behind Trigger Leads Bill

Major trade associations like The MBA, NAMB, and BAC, urge action on S. 3502.

Supply And Demand Are Still Alive And Well

Treasury auctions may face weaker demand but they’re still getting done