Conference drama?
May 26, 2010 | federal legislation, industry | Comments (1)There are some significant differences between the two bills and those differences are going to be the focus of a huge lobbying effort as Wall Street tries to shape the final outcome. The stakes are very big.
For the payday advance industry, the issue is whether there will be a Consumer Financial Protection Bureau housed in the Fed as the Senate proposes or an independent agency as the House proposes.
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It seems there is also one other quite significant issue. That is whether the Snow-Pryor amendment stays in the final bill.