The newly passed Dodd-Frank Consumer Protection Act promises to help Americans overcome the perils of predatory lending, sneaky credit card practices and Wall Street gone wild. Yet even with the 400-some new rules and regulations it establishes, there are loopholes. Never fear - we’ve got a new sheriff to tame this wild west. Elizabeth Warren has just been named as a Special Advisor to head up the Consumer Protection Agency the bill mandates. But many fear that government chokeholds will lead to more expensive banking – in other words, the end of the free checking account as we know it. Does the bill do enough to protect us? Or is oversight overkill?
Jane Wells, CNBC Business News Reporter
Carmen Balber, Director, Consumer Watchdog, Washington, D.C.
Adam Schneir, Associate, Paul, Hastings, Janofsky & Walker LLP
Rosalind Tyson, Regional Director, Los Angeles Office, Securities Exchange Commission
Johannes Worsoe, Senior Executive V.P., Global & Wealth Markets Group, Union Bank
Town Hall Vault Speakers:
George C. Eads, Council of Economic Advisors (1979)
Richard Rosenberg, Chairman & CEO, Bankamerica Corp.
John Carney, Senior Editor, CNBC.com