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(Credit card company) A look at Obama?s proposal to create a Consumer Financial Protection Agency
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A look at the proposed consumer financial watchdog A look at Obamas proposal to create a Consumer Financial Protection Agency: ?The agency would oversee products used by consumers such as mortgages, credit cards, payday loans and terms on savings accounts. ?The agency would be in charge of implementing a law passed by Congress this spring that protects consumers ...
Administration Sends Congress Consumer Legislation
WASHINGTON The Obama administration sent Congress legislation Tuesday to create a new Consumer Financial Protection Agency designed to protect Americans from unscrupulous practices and make financial products easier to understand. The 152-page draft bill would create a five-member board to run the agency with four members nominated by the president and confirmed by the Senate. The fifth member would be the director of the new National Bank Supervisor, the merged agency the administration is pr
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