Among worrisome signs is its proposed Consumer Financial Protection Agency Act of 2009.
They want the Consumer Financial Protection Bureau to change the Credit CARD Act.
FORBES: How Stay-at-Home Moms Can Thumb Their Noses at the CARD Act
The good news is that in October 2012, the Consumer Financial Protection Bureau proposed changes to the CARD Act to rectify this unintended consequence of the law.
FORBES: Five Best Financial Tips for Women Divorcing in 2013
In July, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act that aims to promote financial stability and improve corporate governance through regulatory reform.
The Consumer Financial Protection Bureau has said they will review the act and see what can be done to protect the rights of non-working spouses but many stay-at-home parents will continue to face a struggle of obtaining credit without the use of household income for the foreseeable future.
The Consumer Financial Protection Bureau, established by the Wall Street Reform Act President Obama signed into law in 2010, is charged with overseeing the federal financial laws that specifically protect consumers people who keep their money in banks and credit unions, pay for goods and services with their credit cards, and rely on loans to buy homes or pay for college, among other services.
The 2010 Dodd-Frank Act invented another powerful expansion technique by placing the Consumer Financial Protection Bureau inside the Federal Reserve.
FORBES: The Constitution Is Eroding -- Rules Are Needed To Restrain Government
It's a warm up act for bigger battles: Should Congress establish a regulatory agency for consumer financial protection?
On the issue you raised in the beginning, the President signed into law a Wall Street Reform and Consumer Protection Act, a law that puts rules of the road in place to help prevent another financial crisis -- a crisis, by the way, that cost millions of American jobs -- and this act includes the strongest consumer protections in American history.
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 tasked the Securities and Exchange Commission (SEC) to gauge the level of financial literacy that exists in America among individual investors.
应用推荐