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 …
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