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Bernanke Tells Senate New Agency Isn’t Needed

Posted by CM on July 23, 2009

Bernanke Tells Senate New Agency Isn’t Needed by Associate Press 7/23/09

The Consumer Financial Protection Agencyis the agency proposed by Obama as part of his financial regulations proposal.  From the plan’s inception, financial institutions on Wall Street have been balking at the idea and throwing lots of money by way of lobbyists to stop the plan. 

People, this is where we can do something!  We need this agency.  This agency would be our first stop in complaining about PHH. Instead of wondering who can help us, we would know exactly where to turn. 

Contact your representatives and ask them to support this agency.


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