“…would fix little.”
September 10, 2009 | alternatives, federal legislation, industry | Comments (0)That’s what this columnist at TheStreet.com says about the proposed Consumer Financial Protection Agency:
The CFPA would be the regulatory body that ensures that financial institutions provide clear and simple disclosures, which would ostensibly deter consumers from opting for risky and “exotic” financial products
, and would be the eighth agency involved in consumer credit regulation. While I agree that there has been little effectiveness in the regulatory system as far as consumer financial protection is concerned, this is no reason to create yet another agency.
The whole thing is a good read.
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