Wednesday, June 27, 2012

Mail Order Golf Offer One FREE round of golf for 2 people with additional perks

This summer, Golf equipment site Mail Order Golf has teamed up with the world renowned DeVere Club to offer you a fantastic promotion for all golf enthusiasts out there.

Mail Order Golf stock various products from a whole range of New Golf Balls to Lake Balls, from putting tees, aids, novelty golfing products and other Golf Gifts. Officially licensed by the PGA, Wilson, Dunlop and Links Choice Mail Order Golf with the largest selection of Lake Balls in Europe.
Not only can you claim one free round of golf for two people, but this offer also includes 50% off green fees for two of your friends! 

Included in this fantastic offer is the opportunity to meet the local golf membership adviser prior to your game which will help you and your family or friends get the best from any of the DeVere courses available. 

The DeVere golf group has once again been awarded the ‘Golf group of the year award’ by the 59 Club. With their well established reputation, exciting range of luxury golf courses, and fantastic facilities; Mail Order Golf is providing the opportunity for golf lovers out there to escape from the hustle and bustle of everyday life and spend the day at one of these many prestigious golf courses and all you have to do is purchase 100 Top Flite golf balls from their website. (www.MailOrderGolf.com)

With the golf season in full swing, why not make the most of the luxurious grounds in one of the eleven DeVere Clubs available to use with this offer?

Included in this voucher is one of the top golf courses in the north of England, Oulton Hall in Leeds; where the greens of the Calverley and Hall courses are a good test for golfers of all abilities. Whether it is overlooking the idyllic sceneries of the Loch Lomand at The Carrick; enjoying the fresh air in the peaceful surroundings of Berkshire countryside at Wokefield Park, or experiencing the spectacular 18 hole championship course at Herons’ Reach in Blackpool. This offer will allow you to spend quality time with family and friends at an extremely affordable price. 

The voucher is valid till the 30th June 2013, which means there is plenty opportunity to be flexible with dates and times that suit you. 

To take advantage of this offer (RRP £320), simply purchase 100 Top Flite Golf Balls; including models such as Infinity, XL2000, XL3000, Gamer, etc from mailordergolf.com or call 0845 389 1707.

Mail Order Golf is an online golf store who offers the largest selection of lake balls in Europe. They stock all major golf ball brands including Titleist golf balls, Nike, Srixon, Callaway and many more.

For further information contact:
Chris Preston
Tel: 0844 8717775
Email: sales@mailordergolf.com
Website: http://www.mailordergolf.com 

Wednesday, June 13, 2012

China Makes Golf History Twice in One Week

China, a country once renowned for its proletarian pride, is experiencing a surge in that most patrician of sports: golf.

Over the weekend, 22-year-old Chinese golfer Feng Shanshan claimed women’s golf’s LPGA Championship title by shooting 6-under-par for the week, becoming the first Chinese player to win a major tour event and title.

As if that weren’t enough, 14-year-old Chinese golfer Andy Zhang made history of his own on Monday by becoming the youngest player ever to qualify for this week’s U.S. Open after Briton Paul Casey withdrew because of a shoulder injury.

“It’s going to be a great experience, hitting balls next to Tiger [Woods],” Zhang, who also played a practice round with this year’s Masters winner Bubba Watson, told ESPN, noting his surprise that the older pros had been “very nice” to him and were giving him good tips. “I need to make sure I’m not in a dream right now.”

The triumphs of Feng and Zhang are a boon to China’s global sporting ambitions, though they’re the sort of development that probably sets Mao Zedong’s waxen body to spinning it its glass case on Tiananmen Square. Despite some claims that the sport was invented in China, golf was banned under Mao as a bourgeois indulgence. Even now, with the Communist Party having embraced entrepreneurs and luxury brands rushing to cater to the country’s nouveau riche, the sport remains a somewhat controversial hobby due to concerns over the growing tracts of precious arable land being appropriated to build courses.
That history is likely one reason that China– which reportedly only opened its first golf course in 1984 – hasn’t experienced the same success in the sport as some of its neighbors.

While Asian peers like South Korea dominate the golf circuit—the country has 24 golfers in the LPGA’s top 100—Ms. Feng is the only mainland Chinese golfer to appear on either the men’s or women’s top 100 rankings (though Taiwanese golfer Yani Tseng is the women’s No. 1).

Estimates show the number of golfers in China ranges from 300,000 players to 3 million—still just a drop in the bucket in a country of 1.3 billion. But with golf set to reappear in the Olympics in 2016, the country known for coveting gold medals is placing a new emphasis on the sport.

One example of that effort, highlighted in a report by the state-run Xinhua news agency earlier this month, is a school in southern China’s Zhuahi city in Guangdong province that offers free golf training to kindergartners. Letting “children get in touch with golf is a good trial,” Liu Tie, head of the Industry Planning and Development Department of the Zhuhai Culture, Sports and Tourism Bureau, told Xinhua.
Helping to fuel the interest is the growing number—and increasing outlandishness—of golf courses in the country like the world’s largest Mission Hills golf club on southern Hainan Island, which continue to be built despite a nationwide moratorium on new courses.

Most recent available statistics suggest China has around 500 18-hole courses, compared with more than 15,000 in theU.S.

For her part, Feng told the LPGA she hopes that her success can help to inspire young golfers in Chinathe way tennis champion Li Na has.

“Hopefully [my win is] going to help golf in Chinabecause I want to be [tennis star] Li Na for golf in China. I want to be like a model that the other juniors can follow my steps and get on the LPGA,” she said. “There are good players fromChina, young players, right now. I became the first one, but I’m sure there will be a second, third, more people winning in the States and winning majors.

“I think, you know all of the Asians are good. That’s what my parents told me. All of the Asians are good at controlling small things. I don’t know if that’s true or not. But I will say if Koreans can, Chinese can, and golf in China is really growing up and getting more popular. I believe in the futureChinawill be one of the strongest countries on golf.”

Source  http://blogs.wsj.com/chinarealtime/2012/06/13/chinese-golfers-make-strides-on-pro-circuit/#mod=googlenews_wsj

Monday, March 19, 2012

Nothing easy for Ernie Els

The walk from the 18th green to the scoring trailer at Innisbrook's Copperhead course is a long one, with plenty of time for reflection.

Fans and volunteers lined the ropes along that trek, but even they knew better than to offer Ernie Els any encouragement at this point. He had just bogeyed the last two holes Sunday afternoon at the Transitions Championship, the disappointment oozing throughout the crowd, the pain as prevalent as if each and every one of them had missed that short putt themselves.

What can you say in a moment like this? Do you cheer? Console? Cry?

Els, a Hall of Famer who has won three major championships and tournaments all over the world, was anything but his Big Easy persona making that journey that must have seemed like miles.

He has been battling the putting demons for most of the past two years, put himself in position to win with some excellent ball-striking, could all but see that Masters invitation delivered to his doorstep -- and then let two makeable putts over the last three holes along with an errant approach ruin his day.

After signing his scorecard, he did a slow burn waiting for television and radio interviews, snapping at a PGA Tour official in the process and then doing all he could to not go off on the questioners.

He clearly needed some time to cool off after his bogey-bogey finish cost him a spot in a playoff with Luke Donald, Jim Furyk, Robert Garrigus and Sang-Moon Bae. Els probably should have won the tournament in regulation, having missed a 5-footer for birdie at the 16th and then the 4-footer for par at the last, the one that would have put him in a playoff.

Donald won it with a birdie on the first extra hole, making the clutch putt to put him back atop the Official World Golf Ranking over Rory McIlory. Els, now 42, can only lament what it was like to play that kind of golf.

"It's going to be tough to get over this," Els admitted in the parking lot afterward, searching for words to describe how a round of 4-under-par 67 and a tie for fifth could look so bad.

He led the field in greens in regulation, and hit 14 of 18 on Sunday. He was 6 under par for his round through 12 holes and leading, but couldn't coax another one in the hole that would have wrapped it up.

"Ernie was playing behind me today, and he was bombing shots I was looking back and he was 50 yards past where I was," Donald said. "He obviously felt like he was swinging well this week. Obviously played well to get into that position.

"But yes, it's unfortunate to miss a short putt like that. You know, putting is very mental. Hopefully he can figure it out. … Ernie's obviously struggled on the greens more than anything, and that kind of seeps through the bag."

At the toughest hole on the course, the 451-yard par-4 16th, Els blasted a drive 308 yards. With 147 to the pin, he knocked his approach to inside 5 feet. A birdie there and he takes a 2-shot lead with two holes to go. And he pulled the putt left of the hole.

Lost, of course, were the two beautiful shots that put him in that position.

"Back in the day I would have made that putt and would have won the tournament by two or three shots," Els said. "Now it's a different story."

It is one of missed putts, blown opportunities and frustration. Els has played in the Masters 18 times and probably should have his own green jacket. But you can't get one if you don't play, and right now, Els is on the outside looking in at the year's first major championship, not yet on the invite list for Augusta National.

That is due to his slip last year outside of the top 50 in the world. You have to go back 20 years -- to the end of 1992, when he was a virtual nobody and ranked 40th -- to find him that low.

By falling outside of the top 50, Els saw a Masters invite slip through his grasp, one that he's had three months to rectify by either winning a PGA Tour event or moving into the top 50 again. He started the Transitions at 68th in the world, and moved to only 62nd with his tie for fifth.

Next week's Arnold Palmer Invitational is the last chance to get into the top 50, and he's likely in need of a victory there, too, to crack the top 50. Short of that, his only way into the Masters would be a win at the Shell Houston Open.

"I was just trying to win a golf tournament," Els said when asked if he was thinking about the Masters, which starts April 5. "Obviously, I can't lie to you, I've been thinking about it constantly. But I just want to get the job done and win golf tournaments."

Els said the missed putt on 16 affected him on both his tee shot at the 17th hole and on the short putt on 18. After failing to convert the birdie putt, there was a long wait on the 17th tee, a difficult 218-yard par-3 where Els pushed his 4-iron to the right and was fortunate to have a shot to the green.

He left himself a 25-footer for par, narrowly missed, then walked to the 18th tee tied for the lead. After a perfect drive, Els had just 160 left, but pulled his 7-iron approach just off the green. He hit a decent chip to 4 feet, then missed.

Afterward, Els was asked by a television interviewer if he had the confidence to make the putt. You could almost see the steam coming from the top of Els' head as he answered by saying "I just pulled it a bit." He then did a radio interview when he said, "I was just trying to jam it in there and I pulled it."

This, obviously, was not the time to be asking questions, but Els consented, then signed autographs as he walked around the clubhouse and to the parking lot. There, the fire inside him having subsided somewhat, he lamented the missed opportunity.

"When you're on the hot seat, people are going to criticize you," he said. "When you hit a good putt and it misses, you're still going to get criticized, you know? So that's the position I'm in. If I hit a good putt, feel it's a good putt and it doesn't go in … doesn't matter what I say.

"I just feel like I'm in a difficult position. Have to defend myself all the time. It kind of came to a boiling point there, almost. It was a bit of an odd question."

Understandable, really.

Els could walk away from the game now and not have to apologize for his career. More than 60 worldwide wins, with 18 PGA Tour titles and three major championships is what already has the South African in the Hall of Fame.

But you could tell by how much it hurt Sunday that Els is not satisfied.

Before heading to Bay Hill, Els is playing in the Tavistock Cup at Lake Nona on Monday and Tuesday. He was asked if it's a good thing to be playing right away.

"I'd rather be sitting here drowning my sorrows," he said, chuckling. "Maybe that's also a good thing … not to do that."

Sunday, February 5, 2012

Paul Lawrie shoots flawless 65 to win Qatar Masters

Paul Lawrie is back in the world's top 50 for the first time since 2003 after a flawless performance gave him a second Qatar Masters title on Sunday.

The Scot, known as "Chippy", chipped in twice during a brilliant closing 65 to beat the Australian Jason Day and the Swede Peter Hanson by four.

Less than a year ago the 1999 Open champion was down at 272nd place in the rankings. Now he is part of golf's elite group again. The win guarantees him a place in the 64-man Accenture World Match Play championship in Arizona this month and the Volvo World Match Play in Spain in May.

He is on course to win a second Ryder Cup cap 13 years after his first and if he can stay in the top 50 for another seven weeks will make a return to the Masters at Augusta in April after an eight-year gap.

This is the Aberdeen player's first success since his long-time coach Adam Hunter died of leukaemia in October and Lawrie was close to tears when reminded of that afterwards.

"I don't think I can play much better than that," said the 43-year-old on Sky Sports after finishing with a 15 under par total in an event cut to 54 holes because of strong winds on Friday. "I've been playing well for a long, long time but it's just nice to come out one ahead and shoot seven under."

It was the joint lowest round of the day. He said: "When you've got a chance to win a tournament you don't sleep as well the night before and things go racing through your mind. You've got to get back to basics and I did that. I hit some nice shots coming in."

Also reminded that his 1999 victory in the tournament was followed five months later by lifting the Open Claret Jug at Carnoustie, Lawrie said: "Now wouldn't that be nice to get that again?"

And as for the Ryder Cup he said: "I've been trying to keep that to the back of my mind. If I keep playing as I am I will get in, there's no question, but there's a long way to go and I know as well as anyone there are a lot of good players."

The first chip-in was perfectly timed. Lawrie had been caught by Sergio García moments before, but holing out for eagle from just short of the green at the long 9th put him two in front again.

García, six under for the first 11 holes, then bogeyed the 13th and 15th to drop back to joint fifth and instead it was Day who applied the pressure.

The 24-year-old, runner-up in both the Masters and US Open last season, began each half with four successive birdies but a bogey six on the 9th left him with too much ground to make up.

Lawrie went clear with birdies on the 11th, 14th and 16th and victory was in effect sealed when he chipped in again at the short 17th.

Hanson caught Day by pitching in for eagle on the 16th and matching his two-putt birdie on the last. They finished with rounds of 67 and 65 respectively.

Fourth was the 45-year-old American John Daly. Down at 543rd in the world at the start of the week, it was the former Open champion's best display since he finished second in the 2009 Italian Open.

Lee Westwood and Martin Kaymer, third and fourth on the rankings, finished 12th and ninth respectively, Westwood sharing his position with José María Olazábal on the Ryder Cup captain's 46th birthday.

Friday, November 18, 2011

Cristie Kerr, seeking elusive win, is fourth

Like misplaced car keys, sunglasses or the television remote, Cristie Kerr knows her best golf is there somewhere.

But, darned if she has been able to find it.

Every LPGA season since 2003 has produced at least one victory for the 34-year-old veteran with 14 career titles. During that stretch Kerr has reigned as the most consistent American in women's golf, reaching world No. 1 last season.

Then along came 2011.

With only 54 holes of golf left on this season's schedule, Kerr remains winless, although she is No. 3 in the world ranking. She is frustrated and impatient, not to mention sick with a stomach virus.

"Something I got from Mexico," she said, having arrived straight from last week's tour stop in Guadalajara. "I woke up Tuesday and felt kind of tired and started getting some abdominal pains and the other stuff I'm not going to mention."

The good news, however, is she is 4-under par and on the leaderboard after one round of the season-ending Titleholders at Grand Cypress Resort and Golf Club.

After a six-birdie, two-bogey 68, Kerr is two shots back of leader Na Yeon Choi, one behind Morgan Pressel and Karrie Webb, and tied for fourth with Maria Hjorth.

"I didn't expect much from myself today," she said. "Maybe that's what it takes.

"It's felt like a bit of bad luck [this year]. That's the way it goes sometimes."

Kerr's frustration is fueled by a year of close calls but no celebration finishes. Eleven events into the season she had collected seven top-four finishes, including a consecutive string of three seconds followed by two straight third-places. A little luck and she could have out-Yanied Yani Tseng.

"Cristie had that unbelievable stretch in the middle of the year, what, four or five seconds in a row," Pressel said. "To think she didn't come out of that stretch with a victory is certainly surprising."

Even more shocking to Kerr was a bout of tendinitis in her right wrist that flared up before final-day singles competition in the Solheim Cup in September. It forced her to withdraw and concede a match and point that became valuable in Europe's narrow victory over the U.S. team.

Her play has been spotty since.

"I've never had to deal with trying to pay attention to an injury like that," she said.

Add in the stomach virus that kept her awake much of the night before Thursday's opening round, and there wasn't a lot of reason to expect the best.

"It's kind of the way the year has gone," she said. "But maybe somebody will smile on me this week."

Somebody certainly will leave Sunday night sporting a major grin -- not to mention the $500,000 winner's check -- to take into the offseason. By the look of the first-day leaderboard, they will have earned it.

Seven of the top 12 players after the first day are ranked among the world's top 30, including No. 4 Choi. The 24-year-old South Korean has five career LPGA wins, including one this year. There's also Webb, already a Hall of Fame member, with two wins this season, at No. 15 and Pressel at 14.

"I mean this is the last tournament on the LPGA Tour," said Choi, who makes her American base in Orlando. "I really want to finish well this tournament and achieve my goals for 2011. It's not only to win. I want to feel satisfied Sunday after I've played."

Likewise, Pressel is hoping to end the year on a high note. Despite seven top-10 finishes that helped her rank 12th on the money list, she, like Kerr, is winless in 2011. After becoming the youngest player to win an LPGA major, taking the 2007 Kraft Nabisco before her 19th birthday, Pressel's projected success has stalled.

"I felt good out there today,'' she said. "I didn't feel like I was pressing too hard. I have a bad habit that I've gotten into -- when things start to go well I start to press and almost become afraid of the hole. I was able to stay patient, stay with my game throughout the entire round. Hopefully, I can continue to do that for three days."

Or the rest of the season.

Monday, October 3, 2011

Supreme Court set to open crucial term

The Supreme Court on Monday opens one of its most anticipated terms, in which the justices could strike down President Obama's healthcare law, empower local police to arrest illegal immigrants, and declare an end to affirmative action in colleges and universities.

The cases coming before the court "address some of the central issues facing the country," said former Solicitor General Walter Dellinger. The clashes over healthcare and immigration "are not mere lawyers' issues, but fundamental questions about how the country is governed."

"By June of 2012, this may prove to be among the most momentous terms in recent decades," said Elizabeth Wydra, chief counsel for the Constitutional Accountability Center in Washington.

The justices will decide over the next few months whether to hear the cases. If they do, rulings will be handed down by late June, just as the presidential campaign moves into high gear.

Most legal scholars predict the justices will not steer clear of the controversies. "The fact that the issues are politically charged and it is an election year won't cause them a moment of hesitation," said Harvard Law School professor Richard Lazarus.

The court has five Republican appointees and four Democratic, and in major cases that divide along ideological lines, the conservative wing prevails most of the time.

The major issues:

Immigration: Republican Arizona Gov. Jan Brewer wants the court to rule that states and their police can question and arrest illegal immigrants. Lower-court judges blocked Arizona's law from taking effect, saying the federal government has exclusive control over immigration.

Last week, though, a judge in Alabama cleared parts of a similar state law to go into effect there. This legal split means the high court will probably move soon to resolve the state-versus-federal dispute over who can enforce immigration laws.

A ruling upholding the Arizona immigration law would encourage more states and cities to adopt measures that crack down on illegal residents.

Affirmative action: In September, two white students turned down for admission by the University of Texas appealed to the high court, arguing that officials wrongly used race to favor minority applicants at the expense of whites and Asian Americans. Their appeal urges the court to outlaw the use of race as an admissions factor in public universities, just as the court, in a 5-4 decision, barred public schools from assigning students based on race to achieve classroom diversity.

Healthcare: Republican officials from 26 states are urging the justices to rule that the Democratic-controlled Congress overstepped its power by regulating the health insurance market. They want the court to void the requirement that all Americans must have health coverage by 2014 or pay a tax penalty.

The healthcare case could be a defining moment for Chief Justice John G. Roberts Jr. Beginning his seventh year as the court's leader, Roberts comes from a conservative tradition that believes in limits on the powers of the federal government and a limited role for judges in deciding highly political questions. Those two principles are in conflict in the healthcare case.

On the one hand, a high court ruling upholding the insurance mandate would suggest the federal government could tell Americans what products they must buy. Could Congress require Americans to buy American-built cars or to pay a tax for not joining a health club? Florida Atty. Gen. Pam Bondi, a Republican, said last week that striking down Washington's requirement to buy health insurance would "define the boundaries of Congress' power" and "defend Americans' rights and freedoms."

But a decision to throw out the law would be the court's most dramatic veto of major national legislation since justices struck down President Franklin D. Roosevelt's first New Deal measures in 1935. Since then, generations of law students have been taught that in matters of economics and business, Congress makes the law and the court stands aside.

If the court were to void the individual mandate, it would put healthcare reformers in a box. They could go back to Congress and seek a fix, but Republican lawmakers are not likely to vote for more taxes to make up for the loss of revenue from those who do not want to buy insurance.

From the other side, outraged Democrats and liberal activists would brand it conservative judicial activism if a narrow right-leaning majority were to throw out a national healthcare overhaul that was championed by the president and passed by the House and Senate.

Political activists on the left have not forgiven the Roberts court for its 5-4 ruling last year that struck down the long-standing bans on corporations and unions spending freely on election campaigns. A ruling against the healthcare law could make "judicial activism" a political rallying cry for the left, just as it has been on the right for a generation.

Healthcare experts are also watching a major Medicaid case from California to be heard by the high court on Monday. It will decide whether courts can stop states from slashing their payments to doctors, hospitals and pharmacists who serve low-income patients.

The right to privacy is on the court's docket in November. New tracking technology, including GPS, allows police to follow a car for weeks or months. The government argues that since no one has a right to privacy when traveling on a public street, authorities can secretly attach a GPS device to a car and monitor its movements — all without obtaining a search warrant.

Dellinger, who represents the defendant in the case, said it "may be the most important privacy case in decades because it is the court's opportunity to address technology like we have never seen before."

Thursday, July 21, 2011

New Consumer Protection Agency Faces Opposition

There's a new cop on the money beat: The Consumer Financial Protection Bureau, and it opens its doors Thursday. It was created by the Dodd-Frank financial overhaul, signed by the president one year ago.

The bureau will look out for the financial best interests of American consumers. And while it's popular with the public, it remains controversial.

The idea behind the consumer bureau was simple: If there's an agency to protect consumers from buying an exploding toaster, there should be one that protects them from signing up for an exploding mortgage.

"I think what we saw in the financial crisis is we didn't have anybody looking out for American families," says Michael Barr, a law professor at the University of Michigan. Before that he worked in the Treasury Department and was involved in drafting the legislation that created the consumer bureau.

"We had a whole set of practices that were wrong, that hurt American families and that in the end blew up our financial system and devastated our economy," he says. "And that's why we need a consumer bureau to set a level playing field with clear standards — fair rules of the road."

Political Challenges

But this brand new bureau faces many challenges. For starters, it doesn't have a director. Earlier this week, President Obama nominated Richard Cordray for the job. That same day, Senate Minority Leader Mitch McConnell (R-KY) took to the Senate floor with a message for the president.

"I would remind him that Senate Republicans still aren't interested in approving anyone to the position until the president agrees to make this massive new government bureaucracy more accountable and transparent to the American people," McConnell said.

The House is scheduled to vote Thursday on a GOP-backed bill that would restructure the consumer bureau to a form favored by the financial services industry. Among the changes, it would replace the director with a board of directors.

In short, the political fight over this bureau is far from over, even if most people now agree a consumer protection agency should exist in some form.

"Do I worry? You bet I worry," says Elizabeth Warren, a special adviser to the treasury secretary who is credited with coming up with the idea of a consumer bureau.

"There are clearly people who want to rip the arms and legs off of this agency before it has a chance to help one single family in America," she says. "I know that. I get it. They've made it pretty clear."

Warren has been building the bureau from the ground up for the past year. In that time it's grown from five employees to more than 400.

Today, the bureau receives authority under 16 different consumer laws. It gains oversight over more than 100 of the nation's largest banks when it comes to the consumer products they offer.

What Happens Next?

But until it has a director the bureau won't be able to start writing rules for non-bank financial institutions like payday lenders. Warren says the bureau is operating under one central vision.

"We want prices to be clear. We want risks to be clear. We want to make it easy to compare two or three mortgages to each other. Two or three credit cards to each other," she says.

For months now, the consumer bureau has been hard at work on the mortgage disclosure forms. Earlier this year, it posted two simplified mortgage forms in draft form on its website and asked the public to weigh in on which one was easier to understand. Warren says the agency received more than 13,000 responses.

The financial services industry says it backs the changes.

"How can you be against simplified disclosures?" asks Scott Talbott, chief lobbyist for the Financial Services Roundtable. "I mean it benefits the consumer, it benefits the industry, it benefits the entire transaction. It's all good, and the industry supports what the CFPB is doing."

In fact, so far, Talbott says the industry has been pleased with the direction the bureau is heading.

"We may not always agree with them," he says. "Where we don't, we feel so far we have been able to have good dialogue with them. But at the same time we haven't really hit the road yet. We're about to turn the keys and start it up today. And it will be out on the road for a test drive."

And that's what the industry is worried about — what comes next. "This is an entire new entity to come to grips with," says Jaret Seiberg, a policy analyst at MF Global's Washington Research Group. "And there's a tremendous amount of fear out there because this is a very powerful agency."

The fear is that the bureau will someday write rules that make it harder for banks to do business and make money. And that could actually limit credit available to consumers.

"There's no foregone conclusion. The agency doesn't have to fulfill the nightmares that the banks have, but until we start to see concrete actions, those nightmares are still going to keep bankers up at night," he says.

As for consumers, they probably won't notice a change immediately. But if in the future they go to get a mortgage and the forms are easier to understand, they can probably thank the Consumer Financial Protection Bureau.