VIEWS DIFFER ON A NEW CONSUMER PROTECTION AGENCYOne of the central—and most contested—provisions of the financial reform proposals the Senate is set to debate this session is the creation of a new regulating body, the Consumer Financial Protection Agency. Associations are squaring off on both sides. Sample viewpoints: In support: AARPThe recent financial crisis demonstrated that current federal protections against predatory lending schemes were not sufficient, says David Certner, legislative policy director for AARP. “You had agencies which had promised to do something, that, quite frankly, didn’t,” he said. Holes now exist in the regulatory net and improving… Read More