Know Your Finance Reform: Consumer Protection

Consumer Protection

A new independent office oversees financial products and services such as mortgages, credit cards and short-term loans. The office is housed in the Fed.

Auto dealers, pawn brokers and others are exempt from the bureau’s enforcement. For community banks, the new rules are enforced by existing regulators.

The oversight council can block rules proposed by the consumer agency, but only if they determine the regulations would threaten the system.

Consumer protection was spread among various bank regulators.


About BizTV

BizTV is the home for your business. Whether you're an entrepreneur, small business owner or just managing your family's assets, BizTV can help. Find the resources you need to manage your money, start your latest venture or grow your business. BizTV, It’s Your Biz!

Posted on July 29, 2010, in Finance Reform 2010, Newspaper & Journal Articles, Politics & The Economy and tagged , , , . Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: