{"id":110,"date":"2016-10-01T01:26:50","date_gmt":"2016-10-01T06:26:50","guid":{"rendered":"http:\/\/www.fcallc.biz\/blog\/?p=110"},"modified":"2024-11-23T08:31:59","modified_gmt":"2024-11-23T13:31:59","slug":"additional-protection-for-us-consumers","status":"publish","type":"post","link":"https:\/\/www.fcallc.biz\/blog\/?p=110","title":{"rendered":"Additional Protection for US Consumers"},"content":{"rendered":"<p class=\"MsoNormal\" style=\"margin: 0in 0in 10pt; text-align: justify;\"><span style=\"font-size: small; font-family: Calibri;\">President Obama wants to create the Consumer Financial Protection Agency.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>The purpose of the agency is to protect consumer credit and their banking transactions.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>Additionally, The Federal Reserve Bank will have the added responsibility of supervising large financial institutions and monitor risk within the financial system. <span style=\"mso-spacerun: yes;\">\u00a0<\/span>Obama even wants to give the Consumer Protection Agency some of the current responsibilities of the Federal Reserve Bank and the Treasury Department. <span style=\"mso-spacerun: yes;\">\u00a0<\/span>Obama\u2019s goal is to prevent big bank failures such as Lehman Brothers. He further wants to protect consumers from credit risks from <span style=\"mso-spacerun: yes;\">\u00a0<\/span><span style=\"mso-spacerun: yes;\">\u00a0<\/span>bad lending practices due to mortgages and credit cards.<span style=\"mso-spacerun: yes;\">\u00a0\u00a0 <\/span>It is hoped that the new agency will fine companies who have abusive practices and will help prevent another recession. <\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 10pt; text-align: justify;\"><span style=\"font-size: small; font-family: Calibri;\">Do you think the Consumer Financial Protection Agency will serve its intended purpose?<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Obama wants to create the Consumer Financial Protection Agency.\u00a0 The purpose of the agency is to protect consumer credit and their banking transactions.\u00a0 Additionally, The Federal Reserve Bank will have the added responsibility of supervising large financial institutions and &hellip; <a href=\"https:\/\/www.fcallc.biz\/blog\/?p=110\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,21,41],"tags":[22,6],"class_list":["post-110","post","type-post","status-publish","format-standard","hentry","category-banking","category-consumer-laws","category-personal-finance","tag-consumer-protection","tag-personal-finance"],"_links":{"self":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=110"}],"version-history":[{"count":1,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/110\/revisions"}],"predecessor-version":[{"id":111,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/110\/revisions\/111"}],"wp:attachment":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}