Administration’s push to overhaul banking worries some
Obama wants to empower the Fed, create a council of federal regulators to monitor risk, and create a new consumer protection agency overseeing credit card lenders and mortgage brokers.
Democratic leaders have committed to enacting by the end of the year the biggest regulatory revision to the U.S. financial system since the 1930s — an undertaking so ambitious it has some lawmakers worried about missteps.
"We have to evaluate it, weigh it, slow it down and make sure we do i
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