FCAC marks World Consumer Rights Day Know your rights and responsibilities when it comes to financial products and services

www.romereports.com Benedict XVI has appointed Cardinal Attilio Nicora as president of the new Financial Information Authority. This is the first institution in the history of the Vatican responsible for monitoring financial activities.

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Evaluating the financial reform bill passed by the House.

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President Obama announced the introduction of the new consumer financial protection agency, which will execute a plan for regulation reform that would improve the current “patchwork system” full of outdated regulations and lax oversight that helped lead to last year’s crisis,” and “stand up, not for big banks, not for financial firms, but for hard-working Americans.” Such changes, he says, would prevent consumers becoming victims of “predatory practices of some in the financial industry …