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Consumer Law

: CL&P Blog

The Tug of War Over Who Will Protect Consumers Continues . . .

By Jeff Sovern

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by Jeff Sovern

The Times has another article today about the tug of war between existing federal regulators and the Obama administration over the desirability of establishing a new Consumer Financial Protection Agency or allowing the existing agencies to keep their consumer protection jurisdiction, Geithner Takes Regulators to Task on Turf Battle.  It reminds me of the other evening, when my wife and I were putting together a book shelf.  First my wife encountered a problem, so I took over and was able to solve the problem.  Then, on another part of the project, I struggled; my wife stepped in, and completed the task.  The result: a place to put our books.  We all know that the existing regulatory agencies failed at their consumer protection mission.  Isn't it time for them to step aside and let someone else take over? 

Full post as published by CL&P Blog on August 06, 2009 (boomark / email).

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