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: CL&P Blog

Consumer Financial Protection Agency Proposal Said to be in Trouble in Senate

By Jeff Sovern

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by Jeff Sovern

The Wall Street Journal story is here.  Senator Dodd is said to be willing to settle for a beefed-up consumer protection agency within another federal agency, perhaps the Treasury.  Of course, the Office of the Comptroller of the Currency is such an agency, and it has been more of a hindrance to consumer protection than a help.  Settling for such a half-step--and maybe it's not even that--would be a huge disappointment.  The Huffington Post has Elizabeth Warren's take on this proposal and Reuters has this story on her reaction.

Full post as published by CL&P Blog on January 19, 2010 (boomark / email).

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