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Volume 26 - Number 45

November 25, 2009

Financial Regulatory Reform Legislation Stalls as Dodd Regroups, Frank Delays Vote

The leadership of both committees in Congress that are considering legislation to overhaul the regulation of financial services have plenty of work yet to do, after some dissension in the ranks forced one chairman to pull back and adjust his tactics while the other had to delay a final vote. In the Senate Banking, Housing and Urban Affairs Committee, Chairman Chris Dodd, D-CT, was forced to...

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Poll

The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

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