House OKs financial regulatory facelift 

Legislation that would tighten federal regulation of financial institutions and create a new agency tasked with protecting consumers has passed the House of Representatives in a 223-202 vote.

An amendment that would have stripped creation of the Consumer Financial Protection Agency from the bill was defeated, although industry groups are expected to continue lobbying against such an agency in the Senate.

more...

To view this premium content sign in to your Premium Member account.

Premium Members have full access to all news archives & premium content.

Purchase Premium+ Membership for $99/year OR
Premium Membership for $49/year

Buy Now

Advertise with Inman

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.