All you ever wanted to know about the CFPA
Robert Kaiser has a detailed history of how Elizabeth Warren's Consumer Financial Protection Agency entered the policy discussion, got sold to the Democratic presidential campaigns, and got watered down when sent to Congress. That last, of course, is an ongoing process.
But the game's not over, or close to it. As the Obama administration toughens its financial regulation package to draw clearer cleavages with the GOP, expect the CFPA -- which is one of the only pieces of the legislation anyone can understand -- to emerge as a very big issue going into the midterms. The public option of financial regulation, if you will. So now's a good time to study up on it.
Posted by: umesh409 | February 1, 2010 12:27 PM | Report abuse
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