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From the July-29, 2009 issue of Credit Union Times Magazine • Subscribe!
Agency Bill Postponed
The Obama administration's regulatory reform agenda hit another bump in the road last week when a key House panel delayed consideration of a measure to create a new agency to regulate consumer products.
House Financial Services Committee Chairman Barney Frank (D-Mass.) last week delayed until September a session to mark up legislation creating the Consumer Financial Protection Agency.
Frank said he wanted to give consumer groups more time to generate grass roots support for the agency.
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