Government
Dec. 15, 2009
House OKs New Consumer Agency
The landmark bill passed Friday aims to create a comprehensive new set of regulations aimed at policing the financial services industry.
Daily Journal Staff Writer
WASHINGTON - The House of Representatives passed a landmark bill Friday to institute a comprehensive new set of regulations aimed at policing the financial services industry.
Most notably, the bill would create a stand-alone agency to regulate consumer financial products. It also contains a number of other initiatives to crack down on Wall Street, like creating new rules for derivat...
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