Congress Moves To Establish Financial Product Safety Commission

In Washington, D.C., Harvard Law School News reports:

• Harvard Law School Professor Elizabeth Warren was on hand in Washington, D.C. [last] week as U.S. senators introduced legislation to create a new government agency, the Financial Product Safety Commission, to help consumers obtain financial products and services without predatory or deceptive financial practices. Warren, who is currently the chairwoman of the influential Congressional Oversight Panel (COP) monitoring the Treasury’s economic rescue plan, conceived the idea of the commission, which is modeled after the Consumer Product Safety Commission.

For more, see Senate takes up Warren's proposed Financial Product Safety Commission.