Boston Globe article on Dodd’s retirement, financial reform

The Boston Globe published this article about Senator Dodd’s retirement announcement and the way it will affect financial reform.  The full article is available here, and the quote about Americans for Financial Reform is copied below.

“The best way to protect consumers is to have a strong, independent Consumer Financial Protection Agency as Senator Dodd has proposed and the House passed,’’ said Lauren Weiner, spokeswoman for Americans for Financial Reform, a coalition of consumer and labor organizations.

Asked why consumer protection can’t be overseen at various regulatory agencies, she said: “We clearly saw how it didn’t work in the previous model. Everybody was sort of responsible for it and therefore nobody was responsible for it. If you have consumer protection divided, it is not a strong basis for ensuring that abuse and deceptive practices don’t happen again.’’