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Obama May Relent On Consumer Protection Agency

Obama Consumer Protection Agency

First Posted: 04/26/10 06:12 AM ET Updated: 05/25/11 04:40 PM ET

Washington Post:

The Obama administration is no longer insisting on the creation of a stand-alone consumer protection agency as a central element of the plan to remake regulation of the financial system.

In hopes of quick congressional approval of a reform bill, White House officials are opening the door to compromise with lawmakers concerned about creating a new bureaucracy, according to congressional and some administration sources.

Read the whole story: Washington Post

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Filed by Adam J. Rose  |