Congressmen urge regulators to do more to protect consumers

05/14/2007 | MarketWatch · InvestmentNews (free registration)

Reps. John Dingell, D-Mich., and Barney Frank, D-Mass., wrote a letter to financial regulators that stated there is a "lack of clear federal policies and regulations to protect financial services consumers." The congressmen told the federal agencies that they should develop a strategy to protect consumers from unfair and deceptive practices.

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