This idea underlies the Obama administration's proposal for a Consumer Financial Protection Agency.

WSJ: Peter J. Wallison: Barney Frank, Predatory Lender

One might have thought that a proposal to overhaul consumer finance would await a determination of the role of consumer credit practices in the crisis.

WSJ: The Consumer Financial Protection Agency Act Is Flawed

But he contends the proposal would not protect consumer rights, and instead favors large vendors and software companies.

CNN: Debate opens on making e-commerce law consistent