Congress enacted landmark financial regulatory reform legislation in July, but the final measure did not include provisions passed by the House that would have expanded the rulemaking and enforcement authorities of the Federal Trade Commission ("FTC").
The Senate Committee on Commerce, Science, and Transportation ("Committee") has begun to consider the role of the Federal Trade Commission ("FTC" or "Commission") in protecting consumers with a particular focus on financial services and products.
The Senate Committee on Commerce, Science, and Transportation ("Committee") held its first full Committee hearing of the new session on February 4, 2010 to explore the Federal Trade Commission's ("FTC" or "Commission") role in consumer protection, with a focus on the financial services and products arena.
December is expected to bring congressional action on H.R. 3126, the Consumer Financial Protection Agency Act (“CFPA Act”).