Word: consumerized
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Of the many proposals the Obama Administration has put forward for redoing financial regulation, the simplest and most straightforward has got to be the creation of a Consumer Financial Protection Agency (CFPA). Maybe that explains why it's also the most controversial.
The main thrust of the legislation is to take the consumer-protection responsibilities (and consumer-protection regulators) now housed at the Federal Reserve and other banking agencies and give them their own new home. In trying to balance the joint responsibilities of protecting consumers and keeping banks safe and sound...
This line of reasoning is most closely identified with Elizabeth Warren, a Harvard law professor and the current chairwoman of the congressionally appointed committee overseeing the Treasury's bailout efforts. In a 2007 article in the journal Democracy, Warren argued for what she called a Financial Product Safety Commission. But...
It's an odd statement, given that all consumer financial regulation is based on the premise that individuals need help from government in dealing with banks and other lenders. From the 1930s through the '60s, banks were straitjacketed by D.C.-dictated interest-rate and lending rules meant to keep them...
To piggyback on the cash-for-clunkers scheme, car dealers are stepping up advertising and manufacturers are offering their own incentives. Chrysler, which has watched its sales dwindle this year to the point where, according to Edmunds.com, it is now in seventh place in total sales in the U.S., plans...