Peters Brings Consumer Protection Panel to Farmington Hills
Experts share information and resources to consumers facing mortgage, credit card and other financial problems.
Zixta Martinez made one thing clear as she spoke Monday night about the federal government's new Consumer Financial Protection Bureau (CFPB). "Credit is not a bad thing by itself," said Martinez, who is assistant director for the CFPB's office of community affairs. "Credit is a good thing ... but we want to make sure it is being done in a responsible way." Speaking during a public forum at Oakland Community College Orchard Ridge in Farmington Hills, she said her agency's vision is to make sure the financial industry is fair, transparent and competitive when it comes to dealing with consumers. Engagement with consumers is a "cornerstone" their work, Martinez added. Less than a year old, the CFPB is the first federal agency solely devoted …
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Michael
11:06 am on Tuesday, February 21, 2012
Credit counseling companies like Green Path are not owned by banks in a share holder type of capacity. They are owned by banks due to the funding received from banks. Banks tell credit counseling companies what can and cannot be done. This has the affect of being controlled by banks. This one sided relationship creates a scenario where Green Path cannot fully assist consumers who truly need … more ›