The proposed legislation would give the new agency powers to set and enforce standards for things such as mortgage and credit card disclosure statements. For ordinary Americans, the most important feature is that the agency would have the sole mission of consumer protection. One lesson of the financial crisis is that several agencies shared that responsibility, but made it a lower priority than their other missions

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The proposed legislation would give the new agency powers to set and enforce standards for things such as mortgage and credit card disclosure statements. For ordinary Americans, the most important feature is that the agency would have the sole mission of consumer protection. One lesson of the financial crisis is that several agencies shared that responsibility, but made it a lower priority than their other missions

Authors Bio:
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.