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: CL&P BlogElizabeth Warren on the Consumer Financial Protection Agency
By Brian Wolfman
In this Business Week column, Prof. Elizabeth Warren lays out why she thinks Congress ought to establish a Consumer Financial Protection Agency. She stresses the need for simple disclosures regarding financial products. She says in that regard that "[m]illions of consumers who qualified for traditional market-rate mortgages were pushed toward . . . subprime loans because they weren't able to compare products and make real choices." She also says that having one regulator and simple disclosures would cut regulatory costs for lenders.
Full post as published by CL&P Blog on July 17, 2009 (boomark / email).
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