financial system

Well, this should come as no surprise: Financial industry groups already are gearing up to fend off a proposed Consumer Financial Protection Agency that would regulate mortgages, credit cards, and other kinds of consumer lending. The idea was a key part of the financial system overhaul that President Obama outlined on Wednesday.
Although Obama called for [...]

The Washington Post reports that President Obama today will roll out his plan to increase regulation of the financial system.
The plan seeks to overhaul the nation’s outdated system of financial regulations. Senior officials debated using a bulldozer to clear the way for fundamental reforms but decided instead to build within the shell of the existing [...]