Industry Resistance to Financial Watchdog Agency Solidifies

by Sabrina I. Pacifici on August 15, 2009

Consumer Financial Protection Agency Continues to Create Banker Angst: “As President Obama attempts to overhaul the financial services regulatory regime, the one requirement that has met even more resistance than executive pay caps is the proposed financial services consumer watchdog agency…The financial services industry has dug in its heels in hopes of at least helping to shape the plan into something more palatable.”

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