Krawcheck: How the CFPB can help banks

04/19/2012 | Politico (Washington, D.C.)

Banks have an interest in supporting the Consumer Financial Protection Bureau, writes Sallie Krawcheck, former president of Bank of America Global Wealth Management. The CFPB's focus on transparency could make it easier for customers to move from one bank to another. That benefits banks, in the long run, because it opens the door to innovation and increased consumer confidence. The end result is a healthier and more dynamic industry, she writes.

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Politico (Washington, D.C.)

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