consumer protection

Obama thumbnail for July 14 2nd version.jpg

Current regulatory structure ‘designed to fail’ in consumer protection, Treasury aide says

Tuesday 14 July 2009 22:44 | Managing Editor | 298 comments

The Obama administration made the case for a new Consumer Financial Protection Agency with sweeping powers of rule writing, supervision and enforcement across all product areas, dismissing the current system as “designed to fail” with regard to consumer protection.

Insolvency and Consumer Protection

Friday 22 May 2009 12:24 | Simon Johnson | 205 comments

Congressman Brad Miller has some interesting ideas about how to respond to the financial crisis; not exactly on the same page as Treasury. He called a hearing to talk about it. But my guess is that the conversation will cover considerably more ground, including his idea that we establish a Financial Products Safety Commission. On the other hand, perhaps we already have enough consumer protection-type agencies? -- Simon Johnson, The Baseline Scenario blog, May 19

Government considering financial products safety commission, reports say

Wednesday 20 May 2009 21:21 | Managing Editor | 229 comments

A Financial Products Safety Commission to protect consumers when they acquire financial products like mortgages and mutual funds may be part of the Obama administration’s regulatory reform plan.