|
Geithner: Consumers need better financial rules
2009-05-20
WASHINGTON - Treasury Secretary Timothy Geithner is telling senators that consumers and investors need protections against manipulation and deception in financial services. In prepared remarks to the Senate Banking Committee, Geithner (GUYT'-nur) says new financial products have resulted in benefits, but lax regulation has exposed Americans to abuses. Administration and industry officials say the Obama administration is considering creation of a regulatory commission to protect consumers of financial products such as credit cards and mortgages. Geithner hosted a dinner Tuesday to discuss such steps. Geithner told senators Wednesday that government rules should ensure that financial choices are clear, reasonable and appropriate.
|  | | | Profile |
News2421 | Gallery | Links | |
| |
|
|
| 
