Obama steps up push for consumer protection agency

President Barack Obama fought to keep his proposed banking overhaul on track Friday, casting the political struggle ahead as one between big financial interests and average Americans victimized by complex or unscrupulous financial transactions.

The president illustrated his call for a consumer finance agency by showcasing five unwitting borrowers and bank customers whose troubles ranged from massive overdraft fees to unwanted interest-only mortgages.

To read more : http://news.yahoo.com/s/ap/20091009/ap_on_go_pr_wh/us_obama_consumers

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