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Senator Dodd Proposes Major Financial Reform

Senate Banking Committee Chair Chris Dodd is planning to push a financial reform plan that would restructure the government's control of the banking industry, according to today's Wall Street Journal. Full Article at CBS News

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  1. In the wake of the worst financial crisis in generations, the battle over how to reform the system to prevent future meltdowns has fueled numerous proposals. Full Article at ABC News

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  3. 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

  4. Senator Christopher J. Dodd , Democrat of Connecticut, on Monday proposed freezing interest rates and fees on existing credit card balances until a new law took effect. Full Article at Beltway Blips

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  1. File - In this Nov. 16, 2009 file photo, Wang Zifei, is seen at far right in the third row in the background while listening to President Barack Obama, left, answer questions during his town hall meeting at Shanghai Science and Technology Museum in Shanghai, China.
  2. WASHINGTON - NOVEMBER 25:  (L-R) Malia Obama, first lady Michelle Obama, U.S. President Barack Obama and Marion Robinson hand out food at Martha's Table November 25, 2009 in Washington, DC.
  3. WASHINGTON - NOVEMBER 25:  Malia Obama (2nd R), daughter of U.S. President Barack Obama (R), pats a turkey named 'Courage' as her sister Sasha (C ) and Walter Pelletier (L), Chairman of the National Turkey Federation look on during a presidential pardon at the North Portico of the White House Nov...
  4. U.S. Representative Barney Frank (D-MA) talks during a news conference on issues before the House Financial Services Committee on Capitol Hill in Washington November 3, 2009.
  5. WASHINGTON - OCTOBER 30:  Former Associate General Counsel of the Board of Governors of the Federal Reserve System Oliver Ireland testifies before the House Financial Services Committee about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
  6. WASHINGTON - OCTOBER 29:  U.S. Secretary of the Treasury Timothy F. Geithner speaks during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
  7. WASHINGTON - OCTOBER 08:  Mark Caverly of the Credit Union National Association and the Electronic Payments Coalition, testifies during a hearing before the House Financial Services Committee on Capitol Hill October 8, 2009 in Washington, DC.

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