A couple of the key points that I feel will add transparency to the financial /banking industry.
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The Consumer Financial Protection Bureau (CFPB) is setting clear rules of the road and will ensure that financial firms are held to high standards. This agency will help hold the banks, credit unions, and other financial companies, and will enforce federal consumer financial laws (i.e. families wanting to buy a home). It will also oversee that loan documentations are easy to read and understand
• The “Volker Rule”- will ensure that banks are no longer allowed to own, invest, or sponsor hedge funds, private equity funds, or proprietary trading operations for their own profit, unrelated to serving their customers. Responsible trading is a good thing for the markets and the economy, but firms should not be allowed to run hedge funds and private equity funds while running a