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Volume 21 - Number 5

March 8, 2010

Senate Negotiators Continue Talks On Consumer Protection Location

Senate lawmakers continued to negotiate after efforts to craft an alternative to an independent Consumer Financial Protection Agency hit another brick wall last week. A proposal drafted by Sens Christopher Dodd, D-CT, and Bob Corker, R-TN, was spurned by Democrats and Republicans in both the House and the Senate, further slowing progress to get a consensus bill...

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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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