A look at legislation by the House Financial Services Committee to create a Consumer Financial Protection Agency, or CFPA:

, The agency would oversee such common financial products as mortgages, credit cards, payday loans and terms on savings accounts.

, The agency would be in charge of implementing a law passed by Congress this spring that protects consumers from sudden interest rate increases on unpaid credit card balances.

, Most banks and credit unions, already monitored by other regulators for …

Read the original article at Philly

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks

Most Commented Posts

  • Experts reveal how to get a cheaper car and insurance
  • Saks battles recession with discount diversification, new Portland store
  • Heading to university? It’s an expensive business
  • Can you afford to holiday without insurance?
  • The Yorkshire trims mortgage rate for 85% LTV
  • Bernard Hickey : New Zealand a ‘zombie nation’

Leave a Reply