Obama would veto weak CFPA
September 30, 2009 | federal legislation, industry | Comments (0)So says the Huffington Post:
Press Secretary Robert Gibbs told reporters that there were “big” concerns inside the administration over reports that Congress was scaling back a key pillar of the president’s approach to reform: the creation of a Consumer Financial Protection Agency (CFPA). And, in a warning shot to the legislative branch, he suggested that proposed legislation to create the CFPA might not pass the president’s desk if it becomes too watered down in the process.
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