Financial Regulatory Reform Takes A Big Step Forward

It may very well happen. “It” is financial regulatory reform, and today the House Financial Services Committee passed H.R. 3126, the Consumer Financial Protection Agency Act of 2009. As the Wall Street Journal reports, the vote was largely along party lines – but the party that voted in favor has majorities in both the House and Senate.

 
The article is available at http://online.wsj.com/article/SB125622338671401423.html?mod=WSJ_hpp_sections_news.