Romney, Obama Offer Differing Visions on Financial Consumer Protection

Tue, 2012-10-16 06:45 — Mortgage News Ticker

Just 15 months into its existence, the federal government’s newest consumer watchdog agency faces an uncertain future.

To President Barack Obama, the Consumer Financial Protection Bureau is a signature accomplishment of his term and concrete proof of his administration’s commitment to financial reform. “No longer are consumers left alone to face the risk of unfair or deceptive or abusive practices – not anymore,” the president said during a visit to the fledgling agency earlier this year.

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