Consumer financial regulator

Consumer financial regulator

Senate Democrats are preparing a proposal to create a new regulator of consumer financial services products.

Under a bill being written by Sen. Chris Dodd (D-Conn.), a new division of the Federal Reserve would write rules about mortgages, credit cards and other consumer products, but it would not enforce the rules.

The proposal reflects compromises suggested by Republican senators during negotiations which have since ended. The new plan is not expected to get much GOP support.

Click the appropriate link below to send your letter to Obama and your Members of Congress.

Create a Consumer Financial Services Regulator
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Leave Financial Regulation Alone