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Financial Overhaul & Consumers

From Wall Street to Washington, the talk today was about President Obama's proposals to overhaul the financial system. He's expected to unveil on Wednesday new reforms designed to create a more stable financial system and to prevent a repeat of the financial crisis. NBR's Stephanie Dhue takes a look at what the changes could mean for the American public.


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Related NBR Stories & Links

• 06-10-09: "Commentary"-Regulation To Rescue The Economy
• 05-04-09: "Reviving the Economy"-Saving the Financial System
• 03-17-09: "Commentary"-Repairing Financial Regulations
• 03-10-09: Financial System Overhaul

External Links/Articles*

• American Bankers Association (ABA)
  The ABA " brings together banks of all sizes and charters into one association. ABA works to enhance the competitiveness of the nation's banking industry and strengthen America's economy and communities." Executive Director for Financial Institutions Policy and Regulatory Affairs, Wayne Abernathy is interviewed in Stephanie Dhue's report.
• Consumer Federation of America (CFA)
  The CFA is an "advocacy, research, education, and service organization. As an advocacy group, it works to advance pro-consumer policy on a variety of issues before Congress, the White House, federal and state regulatory agencies, state legislatures, and the courts." Legislative Director, Travis Plunkett is also interviewed in Dhue's story.
• National Association of Consumer Advocates (NACA)
  The NACA is "a nationwide organization of more than 1500 members who represent and have represented hundreds of thousands of consumers victimized by fraudulent, abusive and predatory business practices."
• U.S. Treasury Department
This links to the Treasury Department's Public Engagements Schedule and on Wednesday June 17th, Secretary Timothy F. Geithner plans to join President Barack Obama with remarks on the economy and a comprehensive plan for new rules of the road for the financial industry. Location and time has yet to be announced.
• White House
  This links to today's blog on the White House's website titled, Financial Reform, Another Brick in the New Foundation. President Obama plans to speak on Wednesday about new rules for companies and consumers to regulate...

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