SMRs and AMRs

Friday, July 15, 2011

What the New Consumer Bureau Thinks of Your Ideas

By RON LIEBER
NYT

If you want to try your hand at playing regulator, now’s your chance.

The new Consumer Financial Protection Bureau officially opens for business on Thursday, but for several months it has been soliciting ideas from the public.

In response, there was the predictable sniping, with some people taking to Twitter to ask if the bureau can protect people from the increasing federal debt caused by the creation of new agencies.

And there were the plaintive requests from people looking for help far beyond the bureau’s turf in financial services. Someone wondered about gym memberships, while somebody else asked the bureau to give pornography sites their own domain name suffixes.

(More here.)

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