Within two weeks of the ascension of Rep. Sander Levin (D-Mich.) to the chairmanship of the House Ways and Means Committee,
Sen. Bob Corker, a key Republican negotiator on regulatory restructuring, said he wants to be sure that the proposed entity to regulate consumer financial products will take a balanced approach.
Now the action goes back behind closed doors.
WASHINGTON -- For credit unions, Senate Banking Committee Chairman Christopher Dodd's proposed regulatory overhaul is both the best of bills and the worst of bills.
WASHINGTON -- As credit unions and other financial service providers awaited a draft of the Senate regulatory restructuring, a key negotiator of the bill said when it comes to a new consumer agency, location is less important than teeth.
WASHINGTON -- In real estate, it's all about location, location, location.But as credit unions and other financial service providers awaited a draft of the Senate regulatory restructuring,
Senate Banking Committee Chairman Christopher Dodd (D-Conn.) said today that he will unveil his own legislation on revamping the regulation of financial services on Monday and his panel will mark up the bill the following week.
Senate Banking Committee Chairman Christopher Dodd said today lawmakers are on a "positive and optimistic track," in trying to reach an agreement on regulatory restructuring, but declined to discuss specifics of the bill he will introduce on Monday.
WASHINGTON -- Sen. Bob Corker said today before Senate Banking Committee Chairman Christopher Dodd decided to introduce his own bill, he and Dodd had reached an agreement that the new consumer regulatory entity would be housed in the Federal Reserve.
WASHINGTON -- Sen. Bob Corker, a key Senate architect of the regulatory restructuring legislation, said today that it is more important that a new consumer regulator have sufficient authority than whether it is an independent agency.