Brand-new agency would regulate all kinds of finanacial products
The Consumer Financial Protection Agency would regulate everything from complex financial products to the fees stores charge for their gift cards.
A brand-new Federal agency is on the horizon. The Consumer Financial Protection Agency is a potential new Federal agency that will oversee all kinds of consumer financial products, and regulate everything from complex financial products to the fees stores charge for their gift cards. Deputy Treasury Secretary Neal Wolin talked about it during a presentation at the American Bar Association’s Banking Law Committee Fall Meeting.
Click to watch the entire speech
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