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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.

In a move apparently traced to the state's budget shortfall, the Missouri Highways and Transportation Commission voted this week to sever ties and fire employees at 10 small credit unions located in district offices across the state.

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.

Addison Avenue FCU of Palo Alto, Calif. and First Tech CU, of Beaverton, Ore., are planning a consolidation this summer creating a $5 billion institution using the First Tech name.

The retiring president/CEO of the soon-to-be-merged First Tech Credit Union in Oregon demurred whether peer CUs across the nation might also be looking at mega matchups.

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.