Wells Fargo's Stumpf says CFPB is here to stay

03/18/2013 | Financial-Planning.com

Wells Fargo CEO John Stumpf says the Consumer Financial Protection Bureau is "not going away" and that he supports its mission. "I support the values that are being espoused by the CFPB -- who wouldn't want a level playing field? Who wouldn't want customers to understand what they are buying?" Stumpf said. He also said that banks are no longer "too big to fail," thanks to the Dodd-Frank Act's Title I and Title II.

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