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Released: July 13, 2010

Wall Street reform and the price of milk

Source: Jennifer Liberto CNN Money

Congress is expected to finally pass the massive Wall Street reform bill later this week. And the lobbyists have already moved on to their next line of attack: The regulators who will issue the hundreds of new rules called for in the legislation.

Regulators will have lots of leeway. They will decide everything from when a risky financial firm should be taken over to how to crack down on debit card swipe fees. And some of those decisions could directly affect consumers’ wallets.

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