Page 3 - Consumer Office News Today

Unveiled his financial overhaul legislation, aiming to crack down on big banks and predatory lenders. dodd is proposing a consumer office of the federal reserve that would write and enforce rules on banks and nonbanks with assets over $10 billion. the plan also establishes the financial stability oversight council, a liquidation process for large failing firms and gives the fed oversight over the largest financial institutions. the bill also establishes a new consumer protection agency, regulate...