Surprise! Bankers Don’t Like the Idea of a Consumer Protection Agency for Financial Products

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 More…

White House to Unveil Plan to Expand Regulation of Banking Industry

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The plan seeks to overhaul the nation’s outdated system of financial regulations.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

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