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Exact(46)
Opponents prefer an enlarged role for a council of regulators.
Currently, a council of regulators can veto the bureau's rule.
That role would instead be filled by a council of regulators.
Congress, however, seems to be moving toward having a council of regulators perform this function.
A council of regulators, for instance, can veto the bureau's rules.
So has a seat on the council of regulators designated for someone with insurance expertise.
Similar(9)
The Financial Services Committee is to vote on amendments to a bill to establish a council of bank regulators as a systemic risk regulator, able to take action if bank activities threaten financial stability.
What they are all hoping to avoid is being designated "systemically important" by a council of financial regulators.
And Dodd-Frank provides checks on the bureau's power, allowing a council of financial regulators to overrule rules written by the consumer bureau.
A council of top regulators was set to meet on Tuesday to determine how to impose new rules on the industry after a few S.E.C. commissioners scuttled a previous push to improve the safety and transparency of the funds.
It creates a council of federal regulators, led by the Treasury secretary, to coordinate the detection of risks to the financial system, and it provides new powers to constrain and even dismantle troubled companies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com