Quiet day?
May 7, 2010 | federal legislation, industry | Comments (1)We’ll see. In the meantime, this should catch you up:
Senate Democratic leaders cleared two major obstacles Thursday to winning passage of a Wall Street reform bill, beating back a Republican effort to curb the reach of a new consumer agency and striking a compromise on a watered-down bill to shine a light on Federal Reserve activities.
Democrats dispensed with the GOP’s measure on a new consumer protection agency comfortably, bolstered by a statement from President Barack Obama that the Republican plan was “worse than the status quo.”
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http://banktalk.org/
The latest article there seems to think payday lenders are toast.