Writing on his Payments Industry Regulation blog, Broox Peterson takes a look at the proposed revisions to H.R. 3126 suggested by Barney Frank (according to a Reuters report) to address concerns about that legislation and the creation of the proposed Consumer Financial Protection Agency. Peterson writes: "In an important respect the proposed revisions seem quite inadequate, and that is in clarifying the scope of jurisdiction of the CFPA - in other words, who is subject to CFPA jurisdiction (and why)?"

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