Student Loans Essay
consumer credit and deposit products that previously were the responsibility of the Federal Reserve Board and other federal agencies and other responsibilities for consumer protection in financial services were consolidated under the purview of the CFPB.10 Despite the fact that some type and level of disclosures are routinely provided by most financial services organizations, these initiatives have been important for improving the overall quality of such disclosures for a number of reasons. In this regard, Hogarth and Merry emphasize that, “While many financial service firms provide product information in the absence of mandatory disclosure requirements, the presence of these requirements imposes common… Continue Reading...
