Surprise, surprise
September 14, 2009 | federal legislation, industry | Comments (0)The New York Times comes out for the Consumer Financial Protection Agency in a lengthy editorial:
CONSUMER PROTECTION The financial crisis would have been less severe — or largely avoided — if regulators had curbed abusive and unsound lending back when bad mortgage loans first began to proliferate. But all too predictably, they failed to act.
As we’ve noted before, the House Committee markup of the CFPA is scheduled for Sept. 23.
