Truthdig - Tag - Consumer Financial Protection Agency

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Tag: Consumer Financial Protection Agency

AP / Gerald Herbert

Obama Pushes Consumer Watchdog Agency

President Barack Obama went on the offense Friday to reassert the need for a new consumer watchdog agency, the Consumer Financial Protection Agency, to keep tabs on financial institutions and to keep consumers from getting caught up in more mortgage disasters and high-interest credit card schemes.

Posted on Oct 9, 2009 READ MORE | 7 COMMENTS

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House Revamps Financial Overhaul Proposal

Under the guidance of Rep. Barney Frank, the House Financial Services Committee made changes to a plan designed to increase government oversight of various financial markets, ideally to avoid a recurrence of last year’s economic catastrophe. It’ll mean more focus on certain types of businesses than others.