News Manufacturing & Economy Gridlock May Be Ending on Consumer Protection
Gridlock May Be Ending on Consumer Protection
Thursday, 04 March 2010 14:09
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A proposal to give the Federal Reserve the primary responsibility for protecting consumers from abusive and deceptive financial products emerged on Tuesday as a potential breakthrough after months of partisan gridlock in the Senate over the terms of a broad overhaul of financial regulations.

But the plan, which would represent a fundamental shift in the role, if not the authority, of the central bank, still faced significant hurdles.

Source: New York Times

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