Industry, Consumer Groups State Case For/Against Powerful CFPA
July 20, 2009
Financial services industry groups called for a cautious approach while consumer advocates rallied behind legislation to create a powerful federal consumer protection agency. During recent hearings on regulatory restructuring, the two opposing factions presented their cases before Congress on the need for a Consumer Financial Protection Agency with broad authority over...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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