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Volume 2010 - Number 5

March 5, 2010

CFPA Negotiations Continue in Senate

Senators continued to debate specifics of the proposed Consumer Financial Protection Agency this week, with an emphasis on which federal agency would house the CFPA. A proposal by Sen. Chris Dodd, D-CT, to have the Federal Reserve host the CFPA was met with mixed reviews from Republicans and even Democrats. Rep. Barney Frank, D-MA, said he does not support housing the CFPA in the Fed due to...

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The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

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