New Squad To Guard Against Devious Lenders
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Obama's Plan to Guard Against Devious Lenders Would Launch a New Bureaucracy
The last thing consumers need: a new agency Obama's plan to guard against devious lenders would launch a new bureaucracy to enforce the law, but we've already had one for 95 years. It's called the FTC
By Nina Easton, Washington editorJuly 2, 2009: 11:52 AM ET
WASHINGTON (Fortune) -- In his latest astutely staged gesture as grand economic reformer, President Obama this week directed his Treasury Department to deliver to Congress a 153-page bill creating a new agency to protect unwitting consumers against devious lenders . . . Read More.