Dodd proposes to create three new agencies: Agency for Financial Stability, Financial Institutions Regulatory Administration and Consumer Financial Protection Agency. Dodd says he plans to begin moving his draft through committee later this month. Rep. Barney Frank, D-Mass., has plans to move his version of regulatory reform to a vote before the end of the year. Former FDIC regulator Christie Sciacca sees odds of a single “super” agency getting through all of the politics as very low. Industry analysts see problems with Dodd’s bill as written.”]
Source: https://www.cuinfosecurity.com/dodd-banking-reform-plan-would-cut-occ-ots-a-1928