National News

Reg reform passes House, moves to Senate

The House of Representatives passed H.R. 4173, the Wall Street Reform and Consumer Protection Act, on Dec. 11 by a vote of 223 to 202. The bill included a new Consumer Financial Protection Agency (CFPA) and a financial stability council charged with identifying and managing “systemically risky” firms. Attention is now focused on the Senate, where Sen. Chris Dodd (D-Conn.), chairman of the Senate Banking Committee, unveiled an outline for reform. His provocative proposal called for a single bank regulator and the creation of . . .

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