finreg

Lawmakers Reach Deal on Financial Reform

Democratic and Republican lawmakers worked into sunrise Friday morning to reach a fractured agreement over financial regulatory reform. The so-called "Fin-Reg" bill hands President Barack Obama a solid political victory heading into the mid-term elections.

White House Defends Consumer Protection Agency

The White House is trying to whip up support for the new Financial Reform bill, which creates an agency with broad powers to protect consumers from abusive practices of financial services firms. The bankers aren't thrilled.