Create a super regulator for consumer oriented financial products, including mortgages and credit cards. It sounds good, but even Geithner and Summers refer to this as providing a "stronger framework" for regulation. Adding another regulator rather than eliminating them is a troubling development.
I have to agree. I hate the fact that we have to be regulated and protect ourselves from ourselves. I am afraid that the latest regulations are just beginning when it comes to credit cards and mortgages.
Read more about Report Card: Obama's plan to fix financial rules
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