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Article: Senate plan would expand regulation of risky lending; U.S. senator details plan to expand bank oversight
- Article from:
- International Herald Tribune
- Article date:
- November 12, 2009
- Author:
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STEPHEN LABATON
International Herald Tribune
11-12-2009
Senate plan would expand regulation of risky lending; U.S. senator details plan to expand bank oversight
Byline: STEPHEN LABATON
Type: News
Senator Christopher J. Dodd's proposal, a drastic overhaul of financial regulation, has met with sharp resistance from Republicans and business interests.
The chairman of the U.S. Senate's banking committee has proposed a financial overhaul that would include consolidating bank regulators, creating a consumer financial protection agency and imposing new restraints on exotic financial instruments and credit rating agencies.
The 1,136-page plan by Senator Christopher J. Dodd, a Connecticut Democrat, ...