Heather AndersonWatching the CFPB bungle its way to agency maturity is as painful to watch as allowing a young adult to mature by learning from his or her mistakes.

The bureau’s most recent gaffe, in which it assumed credit unions had marketing deals with Big Ten universities and called them out publicly without even verifying its allegations, smacks of immaturity.

Sadly, these growing pains come at the expense of credit unions that suffered reputation damage. Based on the CFPB’s response, it seems like the bureau lacks awareness of its own power and influence. The CFPB should be commended for quickly removing the credit unions from the offending blog post once it realized its mistake; however, more should be done.

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