The Financial Institutions and Consumer Credit Subcommittee meets tomorrow (July 12) to discuss the impact of the law on mortgage reforms from the perspectives of both consumers and the mortgage markets.
Topics of discussion during the House Financial Services Committee meeting included the proposed changes in money fund regulation and whether derivatives regulation and the Volcker Rule hurt or help the markets and consumers.
Many felt that actions already taken to protect consumers regarding money market funds were sufficient and that further regulation would be harmful. Another focus of the meeting was the issue of adequate funding for regulators, primarily the SEC.

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