Here is the analysis of the Consumer Protection Act from the perspective of a very elite corporate law firm. They send these newsletters out frequently to update corporations on the reform legislation and stimulus packages.
It is a very concise description of what the act does, and, more importantly, how some corporations got exempted.
Update
October 22, 2009
Financial Regulatory Reform: Consumer Financial Protection Agency Moves Forward
To Our Clients and Friends:
The XXX Financial Markets Crisis Group is closely tracking government responses to the turmoil that has catalyzed a dramatic and rapid reshaping of our capital and credit markets. We are providing updates on key regulatory and legislative issues, as well as information on legal and oversight issues that we believe could prove useful as firms and other entities navigate these challenging times. This update focuses on the House Financial Services Committee's consideration and approval of H.R. 3126, the Consumer Financial Protection Agency Act of 2009.
More below the fold...