Topic - Restoring American Financial Stability Act
Subscribe to this topic via RSS or ATOM) is a federal statute in the United States that was signed into law by President Barack Obama on July 21, 2010. The Act is a product of the financial regulatory reform agenda of the Democratically-controlled 111th United States Congress and the Obama administration. - Source: Wikipedia
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CFPB advocates argue that the agency should be wholly independent and insulated from the accountability of Congress, the president and even the courts.
The Consumer Financial Protection Bureau said it could save individuals $12 billion annually by closing a loophole letting credit card companies charge as much as $41 in late payment fees.
