Identity Protection Services Reviews
KNOWLEDGE CENTER
- History of Identity Theft
- A Look at identity Theft Statistics
- Credit Monitoring: Protecting Yourself Against Identity Theft
- Understanding Identity Theft: How an ID Thief Gets Your Information
- Phishing Scams: Understanding and Protecting yourself
- Identity Theft and Your Rights
- The Internet and Identity Theft: What You Must Need to Know
- Preventing Identity Theft: Protecting Personal Information
- Common Identity Theft Scams
- Suspicious Signs and Signals
- A Look at Credit Card Fraud: Identity Theft In the 21st Century
- Lifelock Command Center
- Identity Theft - Legal Point of View
- PCI DSS - The Security Standard to Avoid Identity Theft and Credit Card Fraud
- Think Online Security to Avoid Identity Theft
- Consumer Federal Protection Agency
- The Consumer Financial Bureau
IDENTITY THEFT LINKS
The Consumer Financial Bureau
The Consumer Financial Protection Bureau (CFPB) mission is to make a market for consumer financial products and services that works for Americans. This would cover when you apply for a mortgage, making a choice between credit cards, and any other consumer financial products.
The Bureau will help to promote financial education for the consumer. They will also supervise credit unions, financial companies, and banks to make sure that they are following Federal consumer financial laws. They will gather and analyze all information that is available in order to better understand consumer's financial markets and their financial service providers.
What this means is that the consumers will get the information that they need to make financial decisions which works out best for their families and themselves. The Bureau wants to make sure that if there are any prices that they are up front, the risks, if any, are visible, and there is nothing lurking in the find print. In simple English, the Bureau is working to make sure that consumers have all the information they need to understand their agreements with the financial companies.
Some of the things that The Consumer Financial Protection Bureau will do are:
- The Bureau will restrict any unfair, abusive, and unfair practices or acts.
- The Bureau will supervise, conduct rule making, and enforce financial laws for the consumers.
- The Bureau will make a center in which to take consumer complaints
- The Bureau will also promote financial education for consumers
- The Bureau will do research on consumer behavior
- The Bureau will continually monitor financial markets looking for new risks to consumers.
- The Bureau will enforce the laws that show unfair treatment in consumer finance and will not allow discrimination.
The Consumer Financial Protection Bureau was established by "The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010." In July 2011, many of the pieces of this act that relates to the Consumer Financial Protection Bureau will go into effect. The actual setting up of the Bureau will be the responsibility of The Secretary of the Treasury.
The Bureau will make sure that consumers are better able to understand credit cards and will also cut down on the traps that are hidden in the fine print. The Bureau will also make sure that consumers understand all the checking account features that are offered to them when they open a checking or savings account. The Bureau will help consumers make informed decisions on financial products.
