Framing the Dialogue

Posts Tagged ‘bureau of consumer financial protection’

Congress acts, but bank bill has work ahead

In this series I choose a current news article and you decide via a multiple choice format which terms were used and whether others would have been more accurate…….

WASHINGTON — In the end, it’s only a beginning.

The __________ (comprehensive, far-reaching, power grabbing, socialist) new banking and consumer protection bill awaiting President Barack Obama’s signature now shifts from the politicians to the technocrats.

The legislation gives regulators __________( latitude, unlimited power, control, plenty of campaign contributions)  and time to come up with new rules, requires scores of studies and, in some instances, depends on international __________ (approval, loans, agreements, scorn) falling into place.