Washington (CNNMoney.com) – Lawmakers on Tuesday will consider a deal that would house a powerful new consumer finance regulator inside the Fed.
The Senate and the House passed different versions of Wall Street reform legislation, and last week 43 lawmakers started melding the two bills together.
Lawmakers start meeting at 12 p.m. ET on Tuesday to consider consumer protection issues, as well as how to monitor risk in the financial system and how to fund a new process for taking down failing financial firms.
The reforms aim to strengthen consumer protection, shine a light on complex financial products and create a new process for taking down giant, failing financial firms.