IN THE NEWS
Finance
Reforms Pared Back
WASHINGTON -- The Obama administration is backing away from
seeking a major reduction in the number of agencies overseeing
financial markets, people familiar with the matter say,
suggesting that the current alphabet-soup of regulators will
remain mostly intact.
Administration officials
had suggested they might push for major regulatory consolidation
in the wake of the financial crisis. But now they expect to call
for most existing agencies to have broader powers to limit
risk-taking by financial institutions, say the people familiar
with the planning.
COFIR NEWS
New York Times Letters two perspectives»
Reform May not be Optional»
Frank Predicts House Will Finish Final Financial Regulation Overhaul by August »
New York Times Regulator Shopping»
ABOUT COFIR
Consumer Protection at Risk
The Coalition Organized for the Future of Insurance Regulation
(COFIR) represents companies and organizations who are dedicated to
preserving the current system of state-based regulation of
insurance products and agents, which through the oversight of state
insurance commissioners and state attorneys general has effectively
protected policyholders and consumers for nearly one hundred and
fifty years.
