When you buy a dishwasher, you know it probably won’t explode. When you buy aspirin, you can figure out the side effects without an advanced degree. When you buy zucchini, you can feel confident it won’t be toxic. And when you buy movie tickets, you can presume the terms of your purchase won’t change after you leave the window. But when it comes to financial products like mortgages and credit cards, you can’t be sure of any of those things. That’s the basic case for a Consumer Financial Protection Agency (CFPA), the centerpiece of President Obama’s push to reform financial regulation.
The Case for a Consumer Financial Protection Agency
Most Popular Articles
Latest Articles
Indiana senator explains his inquiries into reverse mortgages
Sen. Mike Braun offered insights into his recent letter to Ginnie Mae and the potential need for more scrutiny of the HECM and HMBS programs.