Commercial Law
May 14, 2010
Auto Dealers Beware: Big Brother Is Looming
Jonathan Michaels of Michaels Law Group examines "S. 3217," which would create an agency charged with overseeing virtually all consumer-related financial products.
In some of the most sweeping legislation to hit Capital Hill in years, Senate Financial Reform Bill "S. 3217" is about to change the financial industry's landscape for good. And, that's not welcome news for everybody.
Acting in response to the 2008 financial market meltdown, the Senate is set to begin voting this week on S. 3217, which would create the "Bureau of Consumer Financial Protection"...
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