News & Events

News & Events

12.11.2009

Committee Tones Down Bill on Consumer Protection

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On Oct. 22, the House Financial Services Committee passed the Consumer Financial Protection Act, bringing it one step closer to becoming law.

The act signifies an ambitious endeavor by the Obama Administration and federal lawmakers to retool existing regulations, consolidate and redefine federal enforcement authority, and establish greater state roles in consumer protection concerning financial products and services.

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This article first appeared in the Portland Business Journal.