Financial Regulatory Reform: Analysis of the Consumer Financial Protection Agency (CFPA) as Proposed by the Obama Administration and H.R. 3126

Carpenter, David H. ; Jickling, Mark

Library of Congress. Congressional Research Service.

关键词: Consumers;    Consume protection;    Finance;    Financial crises;    Business cycles;   

RP-ID  :  R40696
RP-ID  :  R40696_2009Jul17

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report provides a brief summary of the President's Consumer Financial Protection Agency Act of 2009 (the CPFA Act or the Act) and delineates some of the substantive differences between it and H.R. 3126, as introduced. It then analyzes some of the policy implications of the proposal, focusing on the separation of safety and soundness regulation from consumer protection, financial innovation, and the scope of regulation. The report then raises some questions regarding state law preemption, sources of funding, and rule-makingprocedures that the Act does not fully answer.