Consumer Protection Agency Needed Urgently
Soros: "We need a consumer protection agency, and we need it very urgently"
March 3, 2010
Consumer Protection Agency An Urgent Need: Soros
By REUTERS
Filed at 10:54 a.m. ET
NEW YORK (Reuters) - A new consumer protection agency is an urgent need as the United States seeks better financial regulation but the notion of one within the Federal Reserve is unacceptable, George Soros, chairman of Soros Fund Management, said on Wednesday.
"We need a consumer protection agency, and we need it very urgently because there is political outcry about the injustice of the current situation," Soros said at a Roosevelt Institute conference in New York.
(Reporting by Emily Flitter and Al Yoon; Editing by James Dalgleish)
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