Funny or Die's Presidential Reunion from Will Ferrell
We need a strong independent Consumer Financial Protection Agency (CFPA) with the following:
We need a strong independent Consumer Financial Protection Agency (CFPA) with the following:
* A chief appointed by the president, confirmed by the Senate;
* Independent budget authority, so it won't be subject to the whims of Congress or an anti-consumer administration;
* Independent rule-making authority, without interference by bank regulators or others who may focus on bank profitability before focusing on consumers;
* And independent enforcement powers, so the agency's investigators can go after abusive lenders.
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