2010 Congressional Issues Update
Summary of Topics Covered
The following is an update on the status of legislative topics covered by Congressional Digest during the second session of the 111th Congress. Consumer Financial Protection Vol. 89, No. 1 — January 2010 The economic crisis in the fall of 2008 exposed a broken financial regulator structure. In response, Congress passed, and the President signed, the Wall Street Reform and Consumer Protection Act. The law places new fees and limits on the Nation’s biggest banks, imposes new restrictions on the derivatives market, and establishes a new Bureau of Consumer Financial Protection within the Federal Reserve, charged with regulating consumer financial…
