News Tagged ‘and Disclosure Act

New federal agency would protect consumers against bad business

obama policy speech 100x100If President Obama has his way, businesses that rely on predatory and deceptive lending practices will soon have to straighten up or face federal fines and other punitive action. In his weekly radio address, Barack Obama defended his proposed Consumer Financial Protection Agency, saying that the new government office is needed to crack down on the types of business practices that led to the economic crisis.

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