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Tag Archives: Finance reform
Financial Reform – or is it?
They say the only constant is change… and more change is coming! Last month, the sweeping Financial Regulation Bill was signed into law and promises to bring a wave of new changes to the financial system. But the question is: what does this change mean to you? Here’s what you need to know.
Generally speaking, the law calls for a new consumer protection agency and prohibits banks from taking risky bets. While those things are important, it’s also important to realize that this legislation… over 2,000 pages worth… amazingly does nothing to address the core reasons for the financial collapse.