Election results strengthen consumer protection

Source: Fred O. Williams, CreditCards.com

A day after President Barack Obama won a second term -- and consumer rights firebrand Elizabeth Warren of Massachusetts won a seat in the Senate -- experts said the election carries one very direct result for credit card holders: A continuation of the crackdown on lenders and nonfinancial institutions that began in Obama's first term. "This election ensures that the Consumer Financial Protection Bureau is going to remain the cop on the beat," said Jaret Seiberg, a Washington, D.C.-based policy analyst for Guggenheim Partners.

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credit cards, credit, consumer protection, debit cards, cfpb

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