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Volume 20 - Number 13

June 22, 2009

Obama Vows to Fight for ‘Super’ Regulator

President Obama vowed to vigorously oppose all special interests that seek to buck his proposal for a strong, independent agency that would approve and regulate all financial products and combat unfair and deceptive financial practices. In his weekly radio and Internet address, the president said he welcomes a debate with those who think that his plan to create...

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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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