Administration Would've Liked CARD Act To Take Effect Earlier, Says Treasury Official

During a conference call with reporters on Monday, Treasury Department official Michael Barr says the administration would've liked for the CARD Act, a major credit card reform bill that went into effect today, to be implemented as soon as it was signed into law by the President nine months ago. Barr adds that the creation of a Consumer Financial Protection Agency (CFPA) will ensure that such future laws are put into effect sooner. (:19)
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