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He also voted for a last minute amendment the "Idaho Amendment", which came very close to passing that would have killed the original CFPA in the bill and replace it with a significantly weaker version..
An earlier Dodd proposal would have housed the CFPA in the Treasury Department.
The US Chamber of Commerce held a press conference earlier this week, denouncing the CFPA in advance of Obama's speech.
AFR is launching a week of action, encouraging people to call Senate offices and urge them to get behind an independent CFPA, in coordination with the video.
Banks and Senate Republicans argue that banking regulators must have authority to veto consumer protections created by the CFPA in order to protect the "safety and soundness" of the financial sector.
Rep. Brad Miller (D-N.C ., who championeD-N.C .FPA in the House, whore it passed as an independent agenchampionedhathee wants an agenCFPAuch stronger than the EPA.
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My goal, in this article, is to sort out and evaluate the different critiques levied against the proposed CFPA Act, in light of the underlying case for a new agency charged with the regulation of Consumer Financial Products (CFPs).
Imagine if Janet Yellin had run the Fed, Elizabeth Warren ran the CFPA, Sheila Bair stayed in place at the FDIC and Brookley Born had stayed to run the CFTC.
In the latest go-round rumor has it that the new CFPA would be located in the Fed.
We don't want a CFPA that limits innovation in financial products–it shouldn't be modeled after the FDA, which requires that products be safe and effective before being allowed into the marketplace.
We don't want a CFPA that limits innovation in financial products--it shouldn't be modeled after the FDA, which requires that products be safe and effective before being allowed into the marketplace.
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