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Letter From Holly Petraeus-Consumer Financial Protection Bureau (CFPB)

Letter From Holly Petraeus-Consumer Financial Protection Bureau (CFPB)

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Published by ForeclosureG8

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Published by: ForeclosureG8 on Feb 21, 2011
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05/12/2014

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BLOG THE BUREAU PROTECTING YOU GET HELP NOW SUGGEST
Letter from Holly Petraeus
Hello and welcome from the Office of Servicemember Affairs!We are here to see that military personnel and their families have a voice at the Consumer Financial ProtectionBureau. We understand that military life can have some extra challenges, such as deployment and frequentmoves, and that those challenges can sometimes have powerful financial repercussions. We also know that thereare businesses and scammers that target servicemembers with bad deals and outright rip-offs, and that there areother businesses that treat them well. Our job is to make sure that the CFPB uses its powers to make marketswork better so that they encourage good business practices and weed out bad ones.The Office of Servicemember Affairs will ask CFPB bank and non-bank examiners to keep an eye out formilitary-specific issues. When we find out about people breaking consumer financial protection laws to harmservicemembers, we’ll help CFPB enforcement teams take action against them. And we plan to make it easy formilitary personnel and their families to contact the CFPB with questions or complaints about consumerfinancial products and services.We also plan to work with the Pentagon to give military personnel and their families a really good financialeducation, so they can recognize a bad deal before they sign on the dotted line. To be sure that we cover theimportant issues, we’ll talk to them about their concerns and experiences. We want to hear from active duty,Guard, Reserve, retirees, family members, and veterans – the whole military community.Our men and women in uniform should be able to do their jobs without having to worry about falling victim tounfair or deceptive financial practices. As a member of a military family, I understand what it’s like to facedeployment and to move every few years. It’s my honor to represent the military community here at the CFPB,and to make sure that its concerns are heard – and that we do something about them.Holly PetraeusOffice of Servicemember Affairs
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Page 1 of 2A Letter from Holly Petraeus – The Consumer Financial Protection Bureau2/21/2011http://www.consumerfinance.gov/petraeus-letter/ 

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