Govt launches CFPB website for consumers

http://www.consumerfinance.gov/

Well that's dull.

You expected a federal regulator's beta site to be better than "dull"? Actually, I expect the site will attract every manner of whack-job out there with a real or perceived ax to grind. The Bureau will have a challenge finding a pearl of wisdom in a heap of drek.

I signed up anyway...

So did I. Gotta keep an eye on this incipient mega-regulator.

I too subscribed to their e-mail updates.

LOL @ incipient mega-regulator...

With that big shield - I rather expected the theme song from Dragnet to begin when I open the page! Yes, I signed up too. Need to know what's going on.

Wonder how much they paid Ron Howard to narrate their little presentation?

That is histerical.

I signed up too, so does that mean all they are going to have is a bunch of whack-jobs and bankers following them? Or would those two groups be considered the same?

Probably the latter.

so its logo is a detective's badge....that is kind of scary....

Did you read the three examples of what the bureau is designed to address? Not one item is something that could be corrected by additional regulation.

And poor Karen... any bets that poor Karen didn't have the common sense to say, hmm, this doesn't feel right so I don't think I will sign and walk away?? I am guessing not...

Another perfect example of increased regulation and costs to the bank and borrower because someone wasn't doing their job watching the rouge brokers.

It might just be me, but did anyone else notice that the writing on the new site appears to be at about 3rd grade level?

Calif, read your tag line... there's your explanation...

I wish there were more that could be done - see p. 14-16 of http://www.aba.com/aba/documents/winnews/DoddFrankAct_CRSRulesReport_020111.pdf

The comments are great! Reading them is like a train wreck that you can't look away from.

http://www.consumerfinance.gov/2011/02/03/responding-to-your-suggestions/

They can't be happy with all of the comments. Someone calling himself Blunt Reply is giving he!! to all the whiners.

Don't miss the CFPB facebook page too.

Where are you reading these? I can't find them.

Walden - see the link two posts above you.

If this website is an example of what we are going to see from the CFPB, Lord help us all.

Sorry - I just didn't scroll down far enough - all I could see were blank pages where videos are apparently supposed to be.

You should have saved yourself while you could. Mama Bear's right....you can't help trying to read it all! And to think there's some poor thing at CFPB that's tracking it.

Well at least they had a "fun, busy day." When he said something about "rounding up a few of our staffers," I had a RESPA flashback.

I don't know much about this rounding up process, but are rodeo references the hip new thing now? Anyone know any other terms I could incorporate into my audit reports?

I get an IT security event when I try to pull this up..is this facebook or twitter by any chance? Or, is it just that my IT crew is smart.

No, just a regular .gov website. But maybe since it's a discussion thread, it looks like an FB or Twitter to your IT systems.

"Get a Job" is my favorite poster there If it is any of you, thank you.

Get a Job is good. I nearly commented on the one about simplifying disclosures and loan docs though (GAJ missed that one I think). Who do they think came up with all those disclosures in the first place?! It sure wasn't the banks!!

Love the quote from G. Carlin. Ain't it the truth!! The Gov had to demonize somebody and it just as well be the deep pockets, while the whole time the Gov is on the take from all the big wigs on wall st. Whose really pulling the Gov chain!!
If the "bureau" and Warren have anything to do with it, the banks will become non-profits or non-existent. All Gov All The Time! The NWO is here!

It cracks me up when I see how they are appealing to the most simplistic of minds on that website.

I wonder if the CFPB will be able to magically make all of the disclosures as simplistic as well, in order to serve the audience they seem to be serving.

You melt my heart ::googlyinloveface::

And they make it seem like the "big bad banks" want the disclosures to be so long and convoluted! Who do you think came up with all those disclosures in the first place?! Certainly wasn't the banks!