Washington Post: Campaign builds to include new consumer protection agency in financial reform

Heather Booth, AFR’s Executive Director, was quoted in this Washington Post article.  Here is an excerpt:

Heather Booth, executive director of Americans for Financial Reform, said that the advocacy campaign has reached a critical moment and that more such efforts are on the way.

She and other advocates want a stand-alone agency, though it is increasingly likely that any new consumer-protection regulator would reside within an existing government body, such as the Treasury Department. But they remain adamant that the regulator must remain independent, with the power to write and enforce new rules and a dedicated source of funding. They also want individual states to be able to impose laws that go beyond federal standards, an idea that big banks have fought vehemently.

Read the full article here.