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 recently passed Financial Reform bill, which includes the creation of a agency with broad powers to protect consumers from abusive practices of financial services firms.