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: Bodily Injury Blog

Treasury to Push Forward with New Consumer Agency

By Edward Bills

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Treasury Department officials last week promised to push forward with plans to create a new consumer finance regulatory agency despite shouts from the financial services industry decrying the plan. Plans for the proposed agency were detailed in a draft bill sent to lawmakers last week. Consumer groups supporting the bill hope the new agency will serve as safety commission for financial products and help curb runaway lending the ended in the current wave of foreclosures.

Full post as published by Bodily Injury Blog on July 08, 2009 (boomark / email).

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