6/11/2010

Lawmakers have started working on the final version of legislation to overhaul financial regulations, and while they did not propose new restrictions on the banking industry, they expressed support for provisions that would hit banks' bottom lines. On Tuesday, the congressional committee will discuss credit rating agencies, hedge funds and supervisory agencies. Rep. Barney Frank, D-Mass., said limits to debit card fees, a stronger "Volcker rule" and over-the-counter derivatives rules probably will be included in the final version of the bill.

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