Geithner on CFPA
September 11, 2009 | federal legislation, industry | Comments (0)From the Treasury Secretary’s testimony to the TARP oversight board:
There is broad agreement that consumer protection needs to be stronger. Achieving this objective requires mission focus, market-wide coverage and consolidated authority, none of which exist in today’s system. That is why we are proposing a Consumer Financial Protection Agency to make sure that responsible Americans receive the protection they deserve and access to fair and transparent mortgages and credit cards.
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