Editorial Board
Consumer Watchdog Still Lacks Sharp Eye on Fine Print
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It is painfully obvious that the 2008 financial crisis would have been a lot less severe had consumers been better educated about the debts they were taking on.
The Dodd-Frank reform law created the Consumer Financial Protection Bureau to help all of us become savvier purchasers of financial products such as mortgages, credit cards and student loans. In other words, the bureau’s mission is to avoid a repeat crisis.