Maine Congressman Mike Michaud has signaled support for President Barack Obama's financial regulatory proposals, arguing "we need a cop on the beat on Wall Street."
Michaud strongly advocates for the Consumer Financial Protection Agency (CFPA), a new, independent federal bureaucracy that would be charged with overseeing how financial firms lend to consumers.  The CFPA contains a provision on escrow company abuses written by Michaud, who contributed an earlier editorial in favor of the