Banks will like more regulations
September 30, 2010 | CFPB Nomination, Elizabeth Warren, alternatives, federal legislation | Comments (0)Elizabeth Warren continues her charm offensive. From the story:
“Instead of seeing banks as their friends, as I did when I put my babysitting money in a savings account at Penn Square National Bank so my brothers didn’t borrow it out of my sock drawer, too many Americans see dealing with banks like handling snakes – do it long enough and you’ll get bit,” she said in a speech Wednesday to the Financial Services Roundtable in Washington.
Elizabeth Warren, the newly appointed adviser to help get the Consumer Financial Protection bureau up and running, says consolidation of financial regulation will be beneficial to both banks and their customers.
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