CFPB Launches Beta Site and Solicits Dialog on Social Networking Sites

The Consumer Financial Protection Bureau (CFPB) has announced the official launch of its Web site at www.consumerfinance.gov. The central aim of the CFPB implementation team’s initial new media efforts will be engagement. The team will reach out to the American public for ideas, input, and feedback on the work already underway and on new initiatives commencing in the weeks and months ahead. In addition, the site will be a valuable tool in recruiting talent to join the staff of the CFPB. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) established the CFPB and many of the pieces of the Dodd-Frank Act relating to the CFPB will go into effect on July 21, 2011. “We have the opportunity to create a brand new consumer agency from the ground up. This agency will put a cop on the beat to enforce the laws on credit cards, mortgages, student loans, prepaid cards, and other kinds of consumer financial products and services,” said Elizabeth Warren, Assistant to the President and Special Advisor to the Secretary of the Treasury on the CFPB. “We want to make sure that the American people are with us all the way while we build it.” The CFPB can also be followed on a number of social media sites, including ►Twitter (http://twitter.com/cfpb - Hashtag #CFPB) ►Flickr (http://flickr.com/cfpbphotos) ►You Tube (http://youtube.com/CFPB) ►Facebook (http://facebook.com/cfpb) For more information, visit www.consumerfinance.gov.