Financial Services and Products: The Role of the Federal Trade Commission in Protecting Consumers - Part II, Hearing Before the Subcommittee on Consumer Protection, Product Safety, and Insurance of the Committee on Commerce, Science, and Transportation, United States Senate, One Hundred Eleventh Congress, Second Session, March 17, 2010 [open pdf - 812KB]
From the opening statement of Mark L. Pryor: "Today, we will examine the Federal Trade Commission's [FTC] role in protecting consumers in the context of financial services reform. This is the second hearing, as I mentioned before. Senator Rockefeller heard the first Commerce Committee hearing on the subject on February 4. Today, we continue that dialogue and I look forward to robust debate. Let's see. As Chairman of the Subcommittee last year, we held a series of hearings on deceptive advertising, frauds, and scams in the distressed economy; and the Federal Trade Commission's actions to protect consumers from unfair and deceptive practices in these areas. This is a tough economic environment America finds itself in, and unfortunately, our citizens are repeatedly targeted for fraudulent and unscrupulous actors seeking to exploit their vulnerabilities. Consequently, I think it's proper for us to look at what's working, look at what's not, talk to the FTC about how things could be strengthened or changed to make what they do work better and be more effective." Statements, letters, and materials submitted for the record include those of the following: Mark L. Pryor, Roger F. Wicker, William E. Kovacic, Amy Klobuchar, Tom Udall, J. Thomas Rosch, Edmund Mierzwinksi, Dee Pridgen, Linda A. Woolley, Timothy J. Muris, John D. Rockefeller IV, Kay Bailey Hutchison, Daniel L. Jaffe, Christopher J. Dodd, Barney Frank, and David Vitter.
S. Hrg. 111-904; Senate Hearing 111-904
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