REWRITING BANK REGULATIONS WILL HURT SMALL BUSINESS -- BY MICHAEL HOUGH, Washington Examiner

In the typical fashion, Congress is now attempting to solve a "crisis" by creating a new government agency with an unlimited budget and almost unlimited regulatory powers. The proposed agency is called the Consumer Financial Protection Agency, which is intended to protect consumers from making risky financial decisions.

The reality will be diminished choices for consumers, burdensome regulations on small businesses, federal mandates on the states, and a new patchwork of regulations for national banks.

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