WASHINGTON, Feb 25 (Reuters) - The U.S. Senate Banking Committee plans a Tuesday hearing to examine how to improve consumer protections for financial services products, a source familiar with the matter said on Wednesday.
Consumer protection is one aspect of financial regulation reforms that the Obama administration and Democrats in Congress are focusing on as they try to restore confidence in the bruised U.S. banking system.
Senate Banking Committee Chairman Christopher Dodd and his counterpart in the House of Representatives, Rep. Barney Frank, have said they are considering the creation of a financial product safety commission.
Witnesses scheduled to testify at the hearing next Tuesday include the head of the Financial Services Roundtable, which represents financial services companies, and former Office of Thrift Supervision Director Ellen Seidman.
(Reporting by John Poirier; editing by Richard Chang) Keywords: FINANCIAL/CONGRESS PROTECTION (john.poirier@thomsonreuters.com; +1 202 898 8399; Reuters Messaging: john.poirier.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Consumer protection is one aspect of financial regulation reforms that the Obama administration and Democrats in Congress are focusing on as they try to restore confidence in the bruised U.S. banking system.
Senate Banking Committee Chairman Christopher Dodd and his counterpart in the House of Representatives, Rep. Barney Frank, have said they are considering the creation of a financial product safety commission.
Witnesses scheduled to testify at the hearing next Tuesday include the head of the Financial Services Roundtable, which represents financial services companies, and former Office of Thrift Supervision Director Ellen Seidman.
(Reporting by John Poirier; editing by Richard Chang) Keywords: FINANCIAL/CONGRESS PROTECTION (john.poirier@thomsonreuters.com; +1 202 898 8399; Reuters Messaging: john.poirier.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.