Michael Barr

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Financial consumers need new watchdog: Obama admin

Reuters US Online Report Politics News 116 days ago

WASHINGTON (Reuters) - The U.S. government's fragmented system for protecting financial consumers is "designed to fail" and must be replaced by a single, powerful new agency, a senior U.S. Treasury official said on Tuesday. As the Obama administration seeks support for a ...

Obama admin pushes financial consumer watchdog

Reuters US Online Report Business News 116 days ago

WASHINGTON (Reuters) - The U.S. government's fragmented system for protecting financial consumers is "designed to fail" and must be replaced by a single, powerful new agency, a senior U.S. Treasury official said on Tuesday. In remarks meant to advance a key part ...

Treasury says consumer protection agency vital

Reuters US Online Report Domestic News 122 days ago

WASHINGTON (Reuters) - A senior U.S. Treasury Department official said on Wednesday that the current financial crisis shows there is an urgent need for a dedicated consumer protection regulatory agency. "The federal government has failed in its most basic regulatory responsibility: to ...

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