From Reuters:

The Obama administration is still fighting for a single, independent consumer financial protection agency, U.S. Treasury Secretary Timothy Geithner said on Monday as lawmakers haggled over a financial reform bill.

Geithner seized upon the implementation of new rules under a credit card reform bill signed into law last year to argue that more such protections were needed for consumers.

“We continue to work on strengthening consumer protections and disclosure for a wide array of financial products,” Geithner said in a prepared statement.

“As we work with Congress on broader reform to make our financial system safer and more stable, we are also working to consolidate the fragmented authority of seven separate agencies into a single, independent and accountable Consumer Financial Protection Agency,” he added.