2014 1218 - FSOC re: MetLife - Explanation of the Basis of the Financial Stability Oversight Council’s Final Determination that Material Financial Distress at MetLife Could Pose a Threat to U.S. Financial Stability and that MetLife Should be Supervised by the Board of Governors of the Federal Reserve System and Be Subject to Prudential Standards - 387p
1973 1120 - Congressional Record - (p37756) -
Courageous Stand on Consumerism, by The Chamber of Commerce President
Mr. Percy: Mr. President, one of the priorities facing the Congress this year is to afford 200 million American consumers improved protection against unworthy goods and services through the creation of a Consumer Protection Agency.
An attitude of "let the buyer beware" undermines confidence in business.
The consumer movement aims to elimlnate the deceptive, unfair, and unsafe practices in which only a small minority of firms persist.
In this connection, Edward Rust, president of the U.S. Chamber of Commerce and an outstanding member of the business community for over 33 years, has taken a courageous and progressive stand.
In a Chicago speech to the National Association of Life Underwriters on September 18, 1973, Mr. Rust affirmed that ''quality of product or service is a social responsibility." - NALU
He emphasized the need for business consumer cooperation and understanding:
It is more sensible for the consumer to expect perfection in everything he buys than it is for business to expect consumer acquiescence to all its shortcomings.