New Consumer Financial Protection Agency Approved by House Committee

This is a guest post by Bill Hardekopf, CEO of LowCards.com . The House Financial Services Committee recently approved the creation of a Consumer Financial Protection Agency (CFPA) by a vote of 39 to 29. This is the first step in creating a new regulatory agency that will protect consumers. The CFPA is an important piece of the Obama administration’s plan to tighten lending regulations and help prevent future financial failures. The bill would give states more authority to regulate large na