The Treasury and the Feds are putting their heads together to see what they can do to move this organization right along. They are trying to write some tough rules, and the sole purpose of the rules is to make things better and prevent another financial crisis from happening; like the one we have now. The bigger question is, who is going to write the rules? Apparently, word has it that the Federal Reserve may be the one to have the final say on it all.
If the Consumer Protection Bureau does give some headship to the Federal Reserve then they will be just fine in doing what they set out to do. So many critics have questioned the bureau’s rule making ability, and with all the problems in our economy it is no surprise that anyone would question it. In the long run, everyone wants to know what type of experience these people are required to have in order to be in a leadership position.
-Mayer Dallal
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