Treasury Launches Consumer Financial Protection Forum

GuidanceDepartment of the TreasuryGeneral Information

The Treasury Department this week launched the first meeting of the newly created Consumer Financial Protection Forum which was established to focus exclusively on financial consumer concerns and to provide a permanent forum for communication between federal and state regulators on these issues.

The Forum is chaired by the Treasury Department and participants include the federal banking and credit union regulators, the Federal Trade Commission, and representatives from state supervisory organizations.

"The strength of our economy and financial services sector depends on confidence in the system on the part of consumers," said Assistant Secretary for Financial Institutions Emil Henry, Jr. "The goal of the Forum is straightforward - bring federal and state regulators together to share information and discuss ways to address evidence of consumer financial abuse by financial institutions."

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