House Panel Approves Creation of Consumer Financial Protection Agency
The House Financial Services Committee this morning passed legislation to create a new agency designed to protect consumers from tricks and traps in the banking
Jul 31, 202024K Shares926.4K Views
The House Financial Services Committee this morning passed legislation to create a new agencydesigned to protect consumersfrom tricks and traps in the banking and mortgage industries. Supporters say the agency is vital to prevent a finance collapse like the one that devastated the global economy in the past two years.
The partisan vote — 39 to 29 — comes a week after the same panel passed a billto rein in the enigmatic derivatives market.
Paula M. Graham
Reviewer
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