Wall Street Reform: What It Means To You
(CNN) — Consumers are close to getting their own financial regulator. What would it mean to them? More disclosures and fewer hidden fees. The proposal, a signature piece of the Wall Street reform bill that passed the Senate on Thursday, would create a federal agency in charge of setting rules to curb unfair practices in consumer loans and credit cards. A similar House reform bill passed in December also outlines a consumer protection regulator.