Financial Product Safety Commission Fact Sheet
Regulation of financial services entities is dispersed among different federal agencies, and none of those gencies put consumer protection first. The Financial Product Safety Commission Act will create an agency charged with requiring safety in financial products across all types of financial services providers. The Commission is part of a larger shift necessary to ensure effective consumer protection. The states must also have the full ability to develop and enforce consumer protection standards in financial services.
For more click on the link below (PDF):
http://www.defendyourdollars.org/Final%20FPSC%20Fact%20Sheet.pdf