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
Most Commented Posts
More similar stories:
- House panel approves consumer protection agency
- Consumer Financial Protection Agency: an overview
- Consumer protection bill approved
- Treasury spells out details of consumer financial-protection plan
- Obama steps up push for consumer protection agency
- New consumer agency would require banks to offer ‘plain vanilla’ mortgages
- Obama wants new financial agency for consumers
- Lawmakers voice division over consumer-protection proposal
- Fed plans consumer-friendly changes to mortgage rules
- More protection for borrowers






