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A good start would be a consumer protection bill that protects consumers against the unregulated nonbank firms and strengthens and centralizes the role of the current bank regulators.
The creation of a consumer protection regulator, with broad authority to write and enforce rules protecting borrowers, is a centerpiece of the financial legislation.
"From a consumer protection standpoint, this combination of little sophistication and even less disclosure seems troubling".
To Mr. Dimon and Mr. Moynihan: Your industry has vigorously opposed creating a consumer protection agency.
And it would create a consumer protection bureau to police lenders and their business practices.
NEW CONSUMER AGENCY Both bills call for the creation of a consumer protection agency.
But in a case like this, her office takes on a consumer protection role.
The political obstacles to the creation of a consumer protection agency are formidable.
In Raqqa, it even started a consumer protection authority for food standards.
It can be a consumer protection bill, an environmental protection bill or a public health bill.
Does it need a consumer protection agency when the state has one?
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