“Whoever is in command will determine the agency’s path. When you have a lot of power vested in an agency, everything depends on how effectively they carry out their rulemaking authority.”
-Kathleen Engel, a Suffolk University law professor who sits on the Federal Reserve’s Consumer Advisory Council (WSJ).
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The real question is, who will be the first chairperson of this agency ?
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Source:
Consumer Agency’s Path Will Be Set by First Chief
SUDEEP REDDY
WSJ, JULY 6, 2010
http://online.wsj.com/article/SB10001424052748704699604575342992848011622.html
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