Panic
November 28, 2009 | federal legislation, industry | Comments (0)Big Government types are worried about the prospects for the Consumer Financial Protection Agency. They’re even attacking the Washington Post for reporting that the agency isn’t a done deal. From the American Prospect:
The real problem, though, is the Senate, where no one has stepped forward to champion the CFPA — Dodd is supporting it, but there is no one else on the Banking committee giving it full-throated backing. That’s a real shame. The CFPA is critical to good regulatory reform — there is no sense in fixing the banks if they can still screw over their customers — and critical to good regulatory reform politics because it provides tangible benefits to everybody.
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