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Released: June 15, 2011
Political battle threatens centerpiece of financial reform
Source: Ylan Q. Mui, Washington Post (Free Registration)
A year ago, President Obama championed the creation of a government agency that would be charged with protecting Americans’ wallets and restore certainty to the nation’s financial system. But just weeks before its official launch, the future of the Consumer Financial Protection Bureau is in danger, hamstrung by a partisan standoff that has ground work on Capitol Hill to a virtual halt. The protracted battle threatens to rob the agency of many of the powers that Obama once cited as crucial to preventing another financial crisis.Read Full Article: Political battle threatens centerpiece of financial reform
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