Nearly every product sold in America has passed basic safety regulations well in advance of reaching store shelves. But credit products, by comparison, are regulated by a tattered patchwork of State and Federal laws that have failed to adapt to changing markets.
Elizabeth Warren: “Nearly every product sold in America has passed basic safety regulations well in advance of reaching store shelves. But…”
On the recordMay 23, 2011
Source
congress.govEditor's note · Context
Warren highlights the inadequate regulation of credit products compared to other consumer goods.
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