This sums it up nicely
April 10, 2010 | federal legislation, industry | Comments (0)From the Star Ledger:
Consumer advocates and financial industry lobbyists are locked in battle for the hearts and minds of senators as the time nears for them to put up or shut up on the most sweeping revamp of financial regulation in generations.
—————————————-
That’s why the biggest battle ahead will be over an independent Consumer Finance Protection Agency. Senate Banking Committee Chairman Christopher Dodd (D-Conn.) wants this new agency to establish and enforce rules for consumer credit products, such as mortgages, credit cards and payday loans. The agency’s leader would be appointed by the president and confirmed by the Senate.
Comments»
No comments yet.