A trade group that represents Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and other major financial services firms has ratcheted up the pressure on the U.S. Consumer Financial Protection Bureau to reconsider an agency plan to post more detailed complaints about banks online, launching a public relations offensive against the proposal.
The Financial Services Roundtable on Monday unveiled CFPBrumors.com, which highlights the Washington, D.C.-based organization’s concerns about the plan. The proposal, which the CFPB announced July 16 and is open to public comment until Sept. 22, wouldn’t assist consumers as the agency intends, the FSR contends.
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