The creation of an independent Consumer Financial Protection Agency (CFPA) would not impair safety and soundness regulation of banks, according to a majority of business economists.

A survey by the National Association of Business Economists found 54% of economists are dismissive of claims by the banking industry and their supporters in Congress that a CFPA would undermine S&S regulation. A quarter (25%) of the 203 economists believes passage of CFPA legislation would be detrimental to S&S.

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