Democratic House members won’t pick a successor to retiring Rep. Barney Frank (D-Mass.) in the top spot on the House Financial Services Committee for a year, and it’s far from a sure thing that the member next in line, Rep. Maxine Waters (D-Calif.), will get the nod.
Credit unions and other financial institutions are likely to face an added regulatory burden as a result of the regulatory overhaul bill passed by Congress this year.
WASHINGTON -- The new consumer agency will focus on stronger across-the-board, not targeted, regulations that will make the credit market function better and protect
The Senate last Thursday overcame strong Republican opposition and passed comprehensive regulatory overhaul legislation 60 to 39. All but one of the 58 Senate Democrats supported the measure, and all but three of the chamber's 41 Republicans opposed it.
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