Industry NewsMortgage

NAR won’t fight creation of consumer agency

Lines drawn in battle over proposed regulatory reform
Published on Jul 7, 2009

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by CareyBot

The National Association of Realtors will reportedly not join a coalition of industry groups that's lobbying against the creation of a Consumer Financial Protection Agency.

The American Financial Services Association is coordinating opposition to the Obama administration's call for a consumer agency that would regulate financial products like mortgages and credit cards, Reuters reports.

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