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Watchdog for Financial Products |
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A Watchdog for Financial Products
The Consumer Financial Protection Agency is still just a bill, but
if it winds up getting passed and created — as the Obama Administration
has been pushing for — Americans will have a bold new ally
every time they sign up for a credit card, write a check or take
out a home loan. The goal: to make sure that financial products
aren't rigged in favor of the firms selling them and that ordinary
people have a shot at wading through complicated contracts and fee
structures to really understand what they're getting themselves
into.
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