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Tag: Financial System

Can (Should) Congress Save the System?

Can (Should) Congress Save the System?

This week, the U.S. House of Representatives will consider a comprehensive set of reforms designed to respond to the recent economic crisis.  H.R. 4173, the Wall Street Reform and Consumer Protection Act, creates a new federal agency (Consumer Financial Protection Agency) tasked with regulating financial products and protecting consumers from unfair and abusive financial products and services.  As proposed, the CFPA would have broad regulatory authority over the financial products and services Read more [...]