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Real Estate & Property Law

: Housing Wire

Bill Proposes Regulator of Financial Products

By KELLY CURRAN

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Senator Richard Durbin (D-Ill.), joined by lawmakers from both the Senate and the House, introduced Tuesday legislation that would create a Financial Product Safety Commission. The czar-like commission would approve mortgage products and oversee the safety and soundness of consumers, according to press statements. “This new safety commission would hold those who offer consumers financial credit [...]

Full post as published by Housing Wire on March 10, 2009 (boomark / email).

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