A bureau, not an agency
June 22, 2010 | federal legislation, industry | Comments (0)Here’s the way MarketWatch is reporting the House’s offer to the Senate:
Top House and Senate negotiators on a committee to work out differences in sweeping financial-regulatory bills have agreed to house a new consumer financial protection bureau within the Federal Reserve, according to a release from a key lawmaker on Monday.
Rep. Barney Frank, (D., Mass), chairman of the House Financial Services Committee, on Monday announced that he has accepted a Senate’s proposal to put the agency at the central bank. A House bill approved in December would have created a freestanding Consumer Financial Protection Agency.
I still say it ain’t over ’till it’s over.
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