State AGs want a new agency to regulate financial services currently regulated by their state?
August 18, 2009 | federal legislation | Comments (0)I’m confused.Reuters reports, “A group of 24 state attorneys general is urging Congress to move quickly on legislation that would create a controversial new federal agency to police financial products, according to a letter released on Tuesday.”
Hmmm…The Consumer Financial Protection Agency would step on the toes of states when it comes to regulating financial services.
Comments»
No comments yet.