MOST POPULAR: Video, stories and more
SIGN-UP: Get breaking news sent to you from ABC7
Tuesday, the Assistant Treasury Secretary, Michael Barr, told the Senate's banking committee the current system of consumer protection regulation is designed to fail.
The Obama administration wants to consolidate consumer financial protection functions into a single agency. Such an agency like that could respond more quickly to emerging problems in the financial sector.
Today's latest headlines | ABC7 News on your phone
Follow us on Twitter | Fan us on Facebook | Get our free widget
