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House Panel Approves Creation of Consumer Financial Protection Agency

The House Financial Services Committee this morning passed legislation to create a new agency designed to protect consumers from tricks and traps in the banking

Jul 31, 2020
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The House Financial Services Committee this morning passed legislation to create a new agencydesigned to protect consumersfrom tricks and traps in the banking and mortgage industries. Supporters say the agency is vital to prevent a finance collapse like the one that devastated the global economy in the past two years.
The partisan vote — 39 to 29 — comes a week after the same panel passed a billto rein in the enigmatic derivatives market.
Dexter Cooke

Dexter Cooke

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Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide. He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina. Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations. As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all. Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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