Friday, March 12, 2010
Obama sends consumer-protection bill to Congress
The plan would create a Consumer Financial Protection Agency and make banks and non-banks subject to the same rules. Some Republicans and business groups say it threatens economic freedom.
President Obama, pushing a key part of his overhaul of financial regulations, sent to Congress a draft bill that would create the Consumer Financial Protection Agency, which he said would better protect Americans from unscrupulous practices and make financial products easier to understand.
Obama sends consumer-protection bill to Congress
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