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It's been a month since President Obama signed the financial regulatory reform that created the Consumer Financial Protection Bureau. The administration has yet to nominate a director. Some advocates for one of the leading candidates for the job, Elizabeth Warren, see sexism at play. John Dimsdale reports.
Provisions in the financial regulatory reforms could encourage huge numbers of new cases against companies. The provisions let the SEC give big financial payouts to whistle blowers whose info leads to successful enforcement action. Alisa Roth reports the agency's also making more use of the tools it already had.
The new financial regulation gives private equity firms more latitude to invest in banks, a measure which could mean huge money-making potential.
Pay czar Kenneth Feinberg rebuked Wall Street firms for paying out generous bonuses, even as the firms faced insolvency. Wall Streeters probably aren't hanging their heads in shame, but federal regulators may take his words into account when drafting laws on executive compensation.
The bond market is already seeing the first consequence of the new financial reform bill. The three ratings agencies have prohibited the use of their ratings in new bond sales, fearing the law would expose them to new liability. Marketplace's Amy Scott explains.
It may take some time before we really know the effects of the financial reform bill. But whatever changes may come, lobbyists will be ready.