Geithner defends CFPA
April 30, 2010 | federal legislation, industry | Comments (0)From the story:
Geithner responded that the new agency would be led by someone who was confirmed by the Senate, much like those who head up the Federal Trade Commission, Securities and Exchange Commission and the Commodities Futures Trading Commission, he said.
“We’re trying to take a model which is familiar to you,” Geithner said.
The head of the consumer agency would focus on writing and enforcing rules against financial abuse and fraud and wouldn’t have the kind of authority to give out credit that Alexander feared, Geithner said.
Comments»
No comments yet.