Oct. 22 - In Approving New Agency, Lawmakers Take Significant Step Toward Protecting Consumers, Addressing Causes of Economic Crisis

Today the House of Representatives took a significant step toward addressing some of the root causes of our current economic crisis – the exploding mortgages and abusive lending tactics that are robbing Americans and undermining the broader economy. The House Financial Services Committee has reported out the Consumer Financial Protection Agency (CFPA) Act, which would create a much-needed consumer watchdog to curb abusive lending practices.

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