http://www.businessweek.com/bwdaily/dnflash/content/jun2009/db20090616_947662.htm?chan=top+news_top+news+index+-+temp_top+story
The new agency created by the Obama administration is supposed to be a strong independent agency to help protect consumers. The agency will help clarify information for consumers. The Consumer Financial Protection Agency will oversee credit cards regulations, giftcards, & mortgages. The agency also intends to expand the Federal Reserve's overview of large companies that the global economy can't afford to loose.
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