Wall Street reform: What's in the bill |
CNNMoney - Jun 25, 2010 |
After more than a year of work and two weeks of negotiations, lawmakers early Friday finished melding different versions of Wall Street reform.
The final bill won't be ready for a few days, but here's CNNMoney.com's breakdown of key provisions that aim to protect consumers, prevent firms from getting too big to fail and crack down on risky bets that leave taxpayers on the hook.
Creating a consumer agency: Establishes an independent Consumer Financial Protection Bureau housed inside the Federal Reserve. Fees paid by banks fund the agency, which would set rules to curb unfair practices in consumer loans and credit cards. It would not have power over auto dealers.
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- Posted: 2010-06-25 09:00:29
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