U.S. President Barack Obama reiterated the need for the Agency's financial consumer protection and promised to rein in Wall Street. On the eve of the summit of twenty, which will be held September 24-25 in Pittsburgh, Obama said that although signs of stabilization in the economy there, it is too early to relax.

I urged Congress to approve a rigid, based on common sense rules that protect consumers from fraud, will allow markets to operate fairly and freely and help prevent new crises like the present, - said the U.S. leader.

central role in the reforms aimed at achieving these goals, according to the president, should play a new agency - the Agency for financial protection of consumers.

At that time, how many guys borrowing more than they could pay the other guys too often sign contracts without fully understanding their essence, the contracts offered to them by creditors who are not always told the truth. Click to continue »