JuridicsUSA: Retirement Savings: Shoud CFPB regulate companies in the seniors financial sector?

Now that we have at last in the USA an agency to protect seniors' finances, the regulation of the retirement savings industry is a natural industrial sector to police for the the removal of rotten companies that exploit the aging.

— Lawt, refWrite Frontpage juridics newspotter, analyst, columnist

Securities Law Prof Blog (Jan19,2k13)

Is there a role for USA's federal 

Consumer Protection agency in regulating 

Retirement Savings Industry?

The Consumer Financial Protection Bureau (CFPB) is considering whether it has the authority to protect retirement savings, reports Bloomberg.  Richard Cordray, bureau director, provided no additional details.  The Bureau's concern is that retirees may fall prey to financial scams as they confront the difficulties of inadequate savings and low investment returns.  The SEC and the Dept of Labor have authority to regulate many types of retirement savings funds, but investor advocates have expressed concern about the vigor of their efforts.  Bloomberg,Retirement Savings Accounts Draw U.S. Consumer Bureau Attention