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Failure to Cover Nonbanks Seen as Key Flaw of New Consumer Unit

Lawmakers are primarily fighting over where to house the division, and how much power it should have relative to the agency in which it is housed


By Stacy Kaper, American Banker

March 4, 2010

The original goal of providing uniform protections for all consumer credit is getting lost to lawmakers' preoccupation over where to place a new regulator.

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