Posts Tagged ‘fed’

According to a story on NPR this morning, the Obama administration is pushing to turn over regulatory power currently within the jurisdiction of the Federal Reserve. One has to wonder whether the creation of a new consumer protection agency will have the effect of reducing class actions, either by preventing corporate misconduct or provoding an administrative process for redress. On the other hand, maybe increased govermental oversight will merely raise awareness of possible theories of relief for civil lawsuits. We shall see.

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