Why Financial Reform will Dampen Lending
Apr 5 2010in Featured, Policies Charles No Comments »
Below are some of the key provisions as stated by the sponsor of the legislation and highlighted by the Market Institute. Currently, this legislation has bi-partisan support in the Senate and a version of financial reform already passed in the House, so we forecast that this legislation will be signed into law in the next few months.
Key Provisions:
- Creates a new independent watchdog, housed at the Federal Reserve, with the authority to ensure American consumers get more information to shop for mortgages, credit cards, and other financial products, and protect them from hidden