US debates financial sector reform
Congress considers regulation for consumer protection against financial meltdown.
Published On 10 Dec 2009
Public anger at big banks hit a high point as the 2008 financial crisis reached its apex, but that anger has ebbed in the months since the cautious recovery of the global economy.
At the time, there were widespread calls to regulate financial institutions and protect consumers.
The US congress is now considering some of those measures, including a proposed Consumer Financial Protection Agency to rein in banks and protect consumers.
Al Jazeera’s senior Washington correspondent Rob Reynolds reports.