{"id":364,"date":"2009-05-20T09:55:01","date_gmt":"2009-05-20T13:55:01","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=364"},"modified":"2009-05-20T11:04:40","modified_gmt":"2009-05-20T15:04:40","slug":"possible-new-consumer-watchdog-agency","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2009\/05\/20\/possible-new-consumer-watchdog-agency\/","title":{"rendered":"Possible new consumer watchdog agency"},"content":{"rendered":"<p>Reports say the <a title=\"Obama administration is considering creating a new regulatory agency\" href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2009\/05\/19\/AR2009051903061.html\" target=\"_blank\">Obama administration is considering creating a new regulatory agency <\/a>to protect consumers of a wide variety of financial products ranging from mortgages to hedge funds.\u00a0 School of Law Professor <a title=\"Cornelius Hurley\" href=\"http:\/\/www.bu.edu\/law\/faculty\/profiles\/bios\/banking\/hurley.html\" target=\"_blank\">Cornelius Hurley<\/a>, a proponent of regulatory streamlining who directs the <a title=\"Morin Center for Banking and Financial Law\" href=\"http:\/\/www.bu.edu\/law\/morincenter\/\" target=\"_blank\">Morin Center for Banking and Financial Law<\/a>, can comment on the implications.\u00a0<\/p>\n<p>Meantime, School of Management Professor <a title=\"Michael Salinger\" href=\"http:\/\/smgnet.bu.edu\/mgmt_new\/profiles\/SalingerMichael.html\" target=\"_blank\">Michael Salinger<\/a>, a former Federal Trade Commission director, is skeptical.\u00a0 <em>&#8220;One of the risks of creating a regulatory authority for a single industry is that it ends up being captured by the industry,&#8221;<\/em> he said.\u00a0 &#8220;<em>A better solution would be to expand the staff of the FTC<\/em>.&#8221;<\/p>\n<p>Contact Cornelius Hurley, 617-353-5427, <a href=\"mailto:ckhurley@bu.edu\">ckhurley@bu.edu<\/a>, or Michael Salinger, 617-353-4408, <a href=\"mailto:salinger@bu.edu\">salinger@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reports say the Obama administration is considering creating a new regulatory agency to protect consumers of a wide variety of financial products ranging from mortgages to hedge funds.\u00a0 School of Law Professor Cornelius Hurley, a proponent of regulatory streamlining who directs the Morin Center for Banking and Financial Law, can comment on the implications.\u00a0 Meantime, [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[982,676],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/364"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=364"}],"version-history":[{"count":0,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/364\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}