by Calculated Risk on 12/11/2009 02:33:00 PM
Note: Mortgage cram downs were defeated.
From CNBC: What's In the House Financial Services Reform Bill
Creates the Consumer Financial Protection Agency (CFPA).
Creates inter-agency Financial Stability Council
Provides dissolution authority for “Too Big to Fail”
Executive Compensation: "enables regulators to ban inappropriate or imprudently risky compensation practices, and it requires financial firms to disclose any compensation structures that include incentive-based elements."
More Investor Protections
Regulation of Derivatives
From the NY Times: House Votes to Tighten Regulation of Wall Street