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New Government Agency Set to Regulate Financial Advertising

August 2, 2010, 5:13 pm
Look out banks and other financial entities, as of Wednesday, there's going to be a new sheriff in town. The Bureau of Consumer Financial Protection will open its doors as soon as Obama signs the financial regulations bill and they'll have the power to police financial advertising â€" but to what extent? It's pretty much a given that the new rules will require truth in advertising and clear disclosures written in plain English.

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