Consumer Financial Protection Agency Proposal Said to be in Trouble in Senate

by Jeff Sovern

The Wall Street Journal story is here.  Senator Dodd is said to be willing to settle for a beefed-up consumer protection agency within another federal agency, perhaps the Treasury.  Of course, the Office of the Comptroller of the Currency is such an agency, and it has been more of a hindrance to consumer protection than a help.  Settling for such a half-step--and maybe it's not even that--would be a huge disappointment.  The Huffington Post has Elizabeth Warren's take on this proposal and Reuters has this story on her reaction.

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