HW Media connects and informs decision makers across the housing economy. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. Moving the Housing Market Forward.
Rep. Barney Frank, D-Mass., on Wednesday introduced HR 3126, a House bill that would enact President Obama’s plan to create the Consumer Financial Protection Agency (CFPA). Proponents said in establishing the CFPA, HR 3126 — The Consumer Financial Protection Agency Act of 2009 — strengthens protection for consumers who purchase financial products like mortgages, credit cards and other loans from banks and non-bank financial institutions.
