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Officials clash over consumer protection plan
Treasury Secretary Geithner and Fed Chairman Bernanke argued Friday over who should police high cost financial products. Geithner backed a new Consumer Financial Protection Agency while Bernanke urged retaining Fed powers. Regulators and lawmakers weighed implications for enforcement and financial stability amid opposition from bankers and some Democrats.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Timothy Geithner
Federal Reserve
Ben Bernanke
White House
Consumer Financial Protection Agency
Geithner
House Financial Services Committee
Bernanke
Fed
Congress
Cerns
Sheila Bair
Federal Deposit Insurance Corporation
Carolyn Maloney
D-N.y
House Committee
Barney Frank
D-Mass
Senate Banking
Christopher Dodd
D-Conn
Frank
Ron Paul
Texas
Paul
Comptroller of the Currency
Office of Thrift Supervision
Obama
U.S