It seems like a motivation for creating it was to centralize enforcement
> Backers of the idea argued that because several federal agencies were regulating the consumer banking system, there were gaps in oversight that left consumers vulnerable or confused. The new agency would consolidate those regulatory responsibilities in one place.
I assume they have something equivalent. I also know consumer banking at least works differently in Africa and Europe then it does in the US. IIRC bank accounts are protected and accessed differently
Your other posts on this thread seem emotional, angry and aggressive, so I'm just not going to bother engaging anymore
> Backers of the idea argued that because several federal agencies were regulating the consumer banking system, there were gaps in oversight that left consumers vulnerable or confused. The new agency would consolidate those regulatory responsibilities in one place.
I assume they have something equivalent. I also know consumer banking at least works differently in Africa and Europe then it does in the US. IIRC bank accounts are protected and accessed differently
Your other posts on this thread seem emotional, angry and aggressive, so I'm just not going to bother engaging anymore