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Consumer Financial Protection Agency

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#1 natty


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Posted 16 June 2009 - 01:04 PM


President Barack Obama on Wednesday will call for the creation of a Consumer Financial Protection Agency as part of his long-awaited plan for overhauling the nation’s market regulatory structure in response to last year’s meltdown, administration officials tell POLITICO.

The promise to “re-regulate” the wounded financial system after the go-go years is one of the centerpieces of the president’s agenda, in a year when he’s taking on many of the nation’s most complex problems all at once. Officials call the overhaul by far the biggest since the 1930s.

I'm curious to see the details of this.