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Volume 21 - Number 3

February 9, 2010

CFPA’s Future in Senate Remains Uncertain

The Consumer Financial Protection Agency is not yet dead but seems to be “good as dead” with Senate negotiators still unable to reach a bipartisan solution, according to industry observers. In remarks to reporters recently, Senate Banking Committee Chairman Christopher Dodd, D-CT, and Sen. Richard Shelby, R-AL, ranking minority on the committee, maintain that the CFPA remains on...

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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.
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It’s not needed and should be closed down.

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