The Obama Administration released a fact sheet on the Obama Financial Regulatory Reform Plan with details on how it relates to the AAPI community.
“Too many responsible Asian American and Pacific Islander families have paid the price for an outdated regulatory system that left our financial system vulnerable to collapse and left consumers without adequate protections. The Obama Administration’s plan will promote financial stability and protect Asian American and Pacific Islander families from the unfair practices that contributed to this crisis. The plan will establish a new Consumer Financial Protection Agency, which will set clear rules of the road and ensure that financial providers are held to high standards.”
Download the plan here: