Rep. Frank delays vote on regulator for consumer products

07/22/2009 | Wall Street Journal, The · Hill, The

Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, delayed a vote on creating the Consumer Financial Protection Agency until September. The move comes as Democrats become increasingly concerned that they will not be able to garner enough votes to support the initiative as well as other parts of the Obama administration's plans to overhaul the regulatory framework of the financial industry.

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