Minnesota Consumer Financial Protection Bureau established to enforce consumer financial laws.

The bill establishes the Minnesota Consumer Financial Protection Bureau to enforce consumer financial laws and protect consumers in the financial marketplace. The bureau will be under the commissioner's administrative control, appointed by the governor with the advice and consent of the senate. The commissioner will have duties including identifying and eliminating unfair, deceptive, or abusive acts or practices, enforcing laws that outlaw discrimination in consumer finance, accepting and investigating consumer complaints, and monitoring financial markets for new risks to consumers.

Minnesota Consumer Financial Protection Bureau established to enforce consumer financial laws.

The bill establishes the Minnesota Consumer Financial Protection Bureau to enforce consumer financial laws and protect consumers in the financial marketplace. The bureau will be under the commissioner's administrative control, appointed by the governor with the advice and consent of the senate. The commissioner will have duties including identifying and eliminating unfair, deceptive, or abusive acts or practices, enforcing laws that outlaw discrimination in consumer finance, accepting and investigating consumer complaints, and monitoring financial markets for new risks to consumers.