Financial Regulatory Reform: Consumer Financial Protection Proposals

Carpenter, David H. ; Jickling, Mark

Library of Congress. Congressional Research Service.

关键词: Finance;    Government regulation;    Regulatory reform;    Economic policy;   

RP-ID  :  R40696
RP-ID  :  R40696_2010May26

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report provides a brief summary of the Consumer Financial Protection Agency Act of 2009 (the CFPA Act or the Act) and delineates some of the substantive differences between it and H.R. 4173, Title IV, as it passed the House, and S. 3217, Title X, as it passed the Senate. 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 rulemaking procedures that the Act does not fully answer.