Critics Continue to Pound Administration’s CFPA Bill Despite Frank’s Draft Proposals to Appease Detractors
September 24, 2009
An Obama administration proposal to create a Consumer Financial Protection Agency found no respite from critics during a House Financial Services Committee hearing this week even as its chairman, Rep. Barney Frank, D-MA, issued a new discussion draft that responds to lawmakers’ concerns. Treasury Secretary Tim Geithner was subjected to intense questioning by Republicans who equated the...