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Senator Richard Shelby opposes the Obama administration's proposed Consumer Financial Protection Agency, which would strip existing regulators, such as the Federal Reserve, of consumer protection duties and centralize them. Full Article at International Business Times
Related Articles
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The legislation, which is still being finalized, would consolidate federal responsibility for banking oversight, now assigned to four different agencies, into a single regulator. Full Article at The Washington Post
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By Damian Paletta WASHINGTON -- Senate efforts to craft a bipartisan deal on overhauling financial-market rules have stalled amid disputes over a proposed consumer-protection agency, raising another hurdle in the White House's effort to revamp banking... Full Article at Wall Street Journal
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The fate of financial reform has always hinged on whether Senate Banking Committee Chairman Chris Dodd and Republican Richard Shelby could cut a deal. Full Article at The Politico
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WASHINGTON — Take a hard look now. A new agency that consumers were promised would make bankers, credit card companies and mortgage lenders treat them fairly will never look as strong again. Full Article at Houston Chronicle
Related Quotes
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I want Elizabeth Warren to be the first head of this agency
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I don't have any question that it will be finished by the first week of December
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If they are insisting on a separate agency, a stand-alone agency, it's going to be difficult to do a bipartisan bill
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If they are insisting on a separate agency, a stand alone agency, it's going to be difficult to do a bipartisan bill
