US mulls consumer financial protection agency (AFP)

May 27th, 2009 | by |

A bank-owned home is advertised for sale in Antioch, California. President Barack Obama's administration is mulling the creation of a federal consumer finance agency to protect the public from predatory mortgage lenders, credit card providers and mutual fund companies, the Washington Post has reported.(AFP/Getty Images/File/Justin Sullivan)AFP – President Barack Obama’s administration is mulling creation of a federal consumer finance agency to protect the public from predatory mortgage lenders, credit card providers and mutual fund companies, the Washington Post has reported.

Source:US mulls consumer financial protection agency
(AFP)

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