Consumer Financial Agency Less Independent in Senate Proposal than in House Version

Publication: International Business Times

Author: Gerald Helguero


06/07/2010 - The consumer protection financial agency in the U.S. Senate version of the financial reform bill would be "less independent than the House version" being considered, according to Gordon McDonald, financial reform project manager at the Pew Economic Policy Group.

Lawmakers are set to decide in the coming weeks if the new agency, which will regulate consumer financial products, will be on equal footing with existing financial regulators or be subject to them.

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Read the article Consumer Financial Agency Less Independent in Senate Proposal than in House Version on the International Business Times Web site.

Pew is no longer active in this line of work, but for more information, visit the main Pew Financial Reform page.

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