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News Now

Washington
Holly Petraeus to join CFPB
WASHINGTON (1/10/11)--Holly Petraeus, named by the U.S. Treasury last week to head an office of the Consumer Financial Protection Bureau that would work to bolster the financial literacy of military servicemembers and their families and to protect those families from questionable lending practices, has been a guest on the Credit Union National Association’s (CUNA) weekly Home & Family Finance Radio show, discussing just such topics. Petraeus is the wife of General David Petraeus and the daughter of a former West Point superintendent. Warren in a blog post on www.whitehouse.gov said that the office will partner with the Department of Defense (DoD) to respond to financial issues raised by military families and will help . The agency will also help federal and state agencies work together to improve consumer protection measures for those same families. “Military families have unique challenges, and now they have a unique advocate to ensure that their special concerns get the attention they deserve,” Warren added. Petraeus previously served as the Director of the Better Business Bureau (BBB) Military Line, a joint BBB/DoD project that provides consumer education and advocacy for military families. Petraeus and Warren will hold a town hall-style meeting at San Antonio, Texas’s Lackland Air Force base later this month, Warren said. For audio of Petraeus's segment, use the resource link.


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