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Dodd seeking middle ground on new financial rules
The senator trying to rewrite the nation's financial industry rules is dropping plans to create a stand-alone consumer financial protection agency and to give a single regulator the power to oversee all banks, according to people familiar with the evolving proposal. |
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Dodd’s Financial Overhaul Plan Said to Transform Fed Powers
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March 14 (Bloomberg) -- Senate Banking Committee Chairman Christopher Dodd will unveil financial-regulation legislation that may create a consumer division at the Federal Reserve with power to write rules that could be overturned by a systemic-risk council, according to a Senate aide with knowledge of the plan. |
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Dodd including GOP financial regulation ideas
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The senator trying to rewrite the nation's financial industry rules is dropping plans to create a stand-alone consumer financial protection agency. |
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