“How Safe Are You as a Consumer? A Look at the U.S. Consumer Financial Protection Bureau”
Jay’s guest for this forum is Joanna Pearl, who helps lead the CFPB’s Enforcement Office. Ms. Pearl brings local roots and an impressive resume to her position in the Bureau. She‘s a product of the Lexington Public Schools and went to Yale after graduating from LHS. She then served – first as Legislative Aide then as Chief of Staff – in Representative Kaufman’s State House office. From there she went on to Harvard Law School and later joined the CFPB as a member of its implementation team shortly after the Bureau was launched in 2010.
What’s the role of government in consumer protection? What were challenges in establishing the CFPB and what are the ongoing challenges? What’s behind the many risks we face in the marketplace –fraudulent loans, those annoying, too-good-to-believe email and voicemail offerings, the false promises of satisfaction that come with faulty financial products? These and your questions will shape the forum on September 22nd. Questions can also be submitted in advance at firstname.lastname@example.org, or tweet them to @repjaykaufman.
CFPB was created after the 2008 financial crisis to make consumer financial markets work for consumers, responsible providers, and the economy as a whole. It strives to protect consumers from unfair, deceptive, and abusive practices and takes action against companies that break the law. It also arms people with the information and the tools necessary to make smart financial decisions. The core mission of the CFPB is to make consumer financial rules more effective, to consistently and fairly enforce those rules, and to empower consumers to take more control over their economic lives.
Mark your calendars too for October 20th and November 3rd, when “OPEN HOUSE” tackles the ballot questions we’ll vote on in November on Charter Schools (October 20th) and Legalized Marijuana (November 3rd).
In 1997, OPEN HOUSE was awarded the prestigious Beacon Award, cable television’s equivalent of an Emmy. The series was also named the best television series by Massachusetts Cable Television Commission. The OPEN HOUSE series is produced through a partnership between Representative Kaufman and LexMedia which records the forums