What the banks are reading on the consumer financial protection agency
Via Mike Allen, some firm on K Street is thinking hard enough about the Consumer Financial Protection Agency that they've released a 189-page document exhaustively detailing the different CFPA ideas out there, and how they differ from one another. You can download it here. A quick skim will give you an idea of how hard FinReg is going to be to do. Unlike on health-care reform, the public knows virtually nothing about it, there's very little preexisting expertise in Washington on the topic, there are no basic metrics (like how many uninsured are getting covered) that can broadly define the bill, and the opponents will be much, much, much better at fighting out the details.
April 7, 2010; 8:25 AM ET
Categories: Financial Regulation
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