FTC could lose major consumer duties (Dealscape

FTC could lose major consumer duties President Obama's plan for overhauling financial services regulation calls for stronger protections for consumers against inappropriate and possibly harmful credit products. The Federal Trade Commission already has duties in that area, but it didn't exactly get a ringing endorsement from the White House.

In fact, the most direct impact on the FTC if Congress enacts the administration's suggestions would be to strip the FTC of responsibility for important consumer protections in the financial arena and move them to a new agency, the Consumer Financial Protection Agency.

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269 in-depth reports of PE deals in the Financial Services sector from the past year
33 in-depth reports of Reorganization plans in the Financial Services sector
26 articles related to the Bureau of Consumer Protection
26 articles related to President Barack Obama
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NOT A SUBSCRIBER? FTC could lose major consumer duties Posted on June 23, 2009 12:39 PM FTC could lose major consumer duties President Obama's plan for overhauling financial services regulation calls for stronger protections for consumers against inappropriate and possibly harmful credit products. The Federal Trade Commission already has duties in that area, but it didn't exactly get a ringing endorsement from the White House. In fact, the most direct impact on the FTC if Congress enacts the administration's suggestions would be to strip the FTC of responsibility for important consumer protections in the financial arena and move them to a new agency, the Consumer Financial Protection Agency. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 269 in-depth reports of PE deals in the Financial Services sector from the past year 33 in-depth reports of Reorganization plans in the Financial Services sector 26 articles related to the Bureau of Consumer Protection 26 articles related to President Barack Obama 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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